Nvidia (NVDA) Stock Writes a $3 Billion Check to Meta. Here’s Why

TLDR Nvidia (NVDA) stock closed at $216.00 on Monday, up 2.39%, and was little changed before the open Tuesday. Nvidia will invest $3 billion in Meta Platforms’ (META) recent stock offering. Meta will expand its use of Nvidia hardware, including Vera Rubin and Vera CPUs, to power its AI agents. Meta upsized its common stock offering to $25 billion, and the total raise could reach $37.5 billion. Broadcom (AVGO) and AMD (AMD) have also shown interest in the offering. Nvidia (NVDA) stock closed at $216.00 on Monday, up 2.39%. It was little changed before the open Tuesday, near $215.95.

Source: CoinCentral