New York, Feb 27, 2026, 16:54 EST — After-hours.
- AMD shares ended lower for a second straight session as chip stocks weakened with the broader market.
- Investors are weighing AMD’s fresh enterprise AI push with Nutanix against its long-dated supply pact with Meta.
- Attention turns to AMD’s March 3 appearance at Morgan Stanley’s TMT conference for any update on demand and rollout timing.
Advanced Micro Devices (AMD.O) shares fell 1.72% on Friday to close at $200.18, after trading between $197.75 and $201.86. Volume was about 25.4 million shares, in line with recent sessions. 1
The move matters because AMD has become a live wire for AI infrastructure trades again. Big-customer tie-ups are landing, but the stock is still moving with rate fears and the broader risk mood.
U.S. stocks ended lower and tech did the damage. The Nasdaq fell 0.92%, and chip shares slipped with Nvidia (NVDA.O) down 4.2%. “To wrap up the month of February, we were reminded there are still some cracks out there,” said Ryan Detrick, chief market strategist at Carson Group. 2
A hotter-than-expected producer price report added to the pressure by pushing out expectations for near-term rate cuts. The Labor Department said the Producer Price Index rose 0.5% in January, while core PPI climbed 0.8%. “Wider margins for producers could add some upside for consumer costs in coming months as firms pass along higher costs for services,” said Ben Ayers, senior economist at Nationwide. 3
AMD’s latest company catalyst came late Wednesday, when it announced a multi-year partnership with Nutanix (NTNX.O) aimed at building an open, full-stack AI infrastructure platform for “agentic AI” — systems designed to plan and take actions, not just answer prompts. AMD said it would invest $150 million in Nutanix stock at $36.26 a share and fund up to $100 million for joint engineering and go-to-market work, for a total commitment of up to $250 million. “Enterprise customers need the freedom to run the models and workloads that matter most to their business, without compromise,” AMD executive Dan McNamara said. 4
Earlier this week, AMD struck a separate supply agreement with Meta Platforms (META.O) that AMD said could reach up to $60 billion over five years, and it gives Meta the option to buy as much as 10% of AMD. “Meta is locking in supply, diversifying away from a single vendor,” said Matt Britzman, senior equity analyst at Hargreaves Lansdown. The deal also includes a warrant for 160 million shares with an exercise price of one cent, Reuters reported. 5
Meta framed the pact as part of a broader effort to spread its AI compute bets, including for inference — the step where a trained model generates answers for users. “We’re excited to form a long-term partnership with AMD to deploy efficient inference compute,” Meta CEO Mark Zuckerberg said, adding the agreement would help diversify Meta’s compute. 6
A separate securities filing showed AMD technology chief Mark Papermaster moved stock into two grantor retained annuity trusts on Feb. 24, transferring 206,606 shares to each trust, according to a Form 4 filed on Thursday. 7
But the calendar for these AI wins is long, and the near-term tape is still being set by rates. The Nutanix investment is not slated to close until the second quarter and needs approvals, while the Meta agreement hinges on a buildout that plays out over years — and the dilution math from stock-linked incentives keeps sitting in the background.
Next up, investors will look for any new detail when AMD appears at the Morgan Stanley Technology, Media & Telecom Conference on March 3, an event that often draws questions on AI demand, pricing and delivery timing. 8
