Meta signs AI chips deal that could go up to $100 billion, option for 10% stake in AMD [Fortune]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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Source: Fortune
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
News
- The TFSA Fine Print You Need to Know About U.S. Investments [Yahoo! Finance Canada]Yahoo! Finance Canada
- Meta inks deal with AMD for chips—and equity [Yahoo! Finance]Yahoo! Finance
- AMD Secures $60 Billion AI Chip Deal With Meta [Yahoo! Finance]Yahoo! Finance
- Advanced Micro Devices (AMD) had its "buy" rating reaffirmed by Jefferies Financial Group Inc..MarketBeat
- Stock Market Today, Feb. 24: Advanced Micro Devices Surges After Meta Strikes Multiyear AI Chip Supply Deal [Yahoo! Finance]Yahoo! Finance
AMD
Earnings
- 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