Weekly Tech Update META SEEKS NEARLY $98 BILLION IN ONE OF THE LARGEST STOCK SALES EVER TO FUEL ITS AI PUSH $META is raising as much as $97.5 billion through common and preferred stock sales to fund its investment in AI infrastructure and personal superintelligence. The company sold $12.5 billion of preferred shares and an upsized $25 billion of common stock at $625 per share, with plans to raise roughly $60 billion more by selling its new Class C nonvoting shares in the open market over time. $NVDA, $AMD and $AVGO agreed to buy up to $5 billion of the common shares combined. NVIDIA AND AMD COMMIT $4 BILLION TO META AS AI ALLIANCE DEEPENS $NVDA and $AMD will invest $3 billion and $1 billion, respectively, in $META’s equity offering, part of a raise Meta says will total $95 billion to fund its AI infrastructure buildout. $NVDA said Meta will expand its deployment of Vera Rubin systems and Vera CPUs as the two deepen their work on Muse, Meta’s AI agent, while $AMD said its Helios racks are running at Meta and its EPYC processors power Muse. Both chipmakers have been rapidly building stakes across the AI boom, with $NVDA taking part in 121 funding rounds so far this year.