AMD’s stock rockets as Meta deal serves as major validation point for investors

Meta, looking to diversify beyond Nvidia, bets big on AMD chips, with a chance to invest in the company.

Meta Announces Major AI Chips Deal With AMD—Months After Chipmaker’s Similar Move With OpenAI

The deal would also give Meta a warrant to acquire up to 10% of AMD’s shares as the Facebook parent company purchases computing power.

Following OpenAI, Meta: AMD sells GPUs for billions of US dollars

Meta secures millions of AI accelerators from AMD over several years. The deal is almost a 1:1 copy of the OpenAI agreement.