Meta to buy AI chips from AMD in $100 billion deal [Los Angeles Times (CA)]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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Source: Los Angeles Times
News of the AMD deal comes just days after Meta announced a long-term partnership where it will use millions of chips and other equipment from Nvidia for its artificial-intelligence data centers. Meta will buy AMD's latest chips, the MI450, to help power data centers. The 6-gigawatt agreement will see shipments supporting the first gigawatt deployment set to start during the second half of this year. The agreement could potentially be worth more than $100 billion. AMD is looking to keep pace with Nvidia in the AI craze that's widely viewed as the biggest tectonic shift in technology since Apple co—founder Steve Jobs unveiled the first iPhone. Nvidia carved out an early lead in tailoring its chipsets known as graphics processing units, or GPUs, from use in powering video games to helping to train powerful AI systems, like the technology behind ChatGPT and image generators. Demand skyrocketed as more people began using AI chatbots. Tech companies scrambled for more chips to build
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AMD
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- 2/3/26 - Beat
AMD
Sec Filings
- 2/24/26 - Form 8-K
- 2/20/26 - Form 4
- 2/18/26 - Form 4
- AMD's page on the SEC website