$NVIDIA(NVDA)$ McDaniel is bac

AMD Jumps on Mega AI Deal With Meta! More Gains Coming for AMD?

AMD rose 8.77% with $17.246 billion in turnover after reports that Meta reached an AI chip agreement potentially worth over $100 billion. Meta plans to deploy up to 6 gigawatts of AMD AI chips over five years for data center expansion. As part of the deal, AMD may grant Meta shares equivalent to about 10% of its total equity, subject to milestone conditions. Does this agreement materially reshape AMD’s long-term outlook? How significant is Meta’s potential equity stake?

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