New York, Feb 27, 2026, 16:54 EST — After-hours.
- Chip stocks slid with the wider market, pulling AMD shares down for a second day in a row.
- AMD’s new enterprise AI partnership with Nutanix is on the table for investors, who are also sizing it up alongside the chipmaker’s longstanding supply agreement with Meta.
- Next up: AMD heads to Morgan Stanley’s TMT conference on March 3, where investors are watching for any word on demand trends or rollout schedules.
Advanced Micro Devices (AMD.O) slipped 1.72% Friday, ending the day at $200.18. Shares changed hands in a $197.75 to $201.86 range, with volume tallying roughly 25.4 million—matching recent averages. 1
AMD is once again acting as a lightning rod for AI infrastructure bets. The company’s fresh batch of big customer deals is rolling in, yet the shares continue to whip around on rate jitters and swings in the risk climate.
Stocks in the U.S. closed down, dragged by weakness in tech. The Nasdaq dropped 0.92%. Chip names struggled; Nvidia (NVDA.O) gave up 4.2%. “To wrap up the month of February, we were reminded there are still some cracks out there,” Carson Group’s chief market strategist Ryan Detrick said. 2
Producer prices came in hotter than anticipated, fueling bets that rate cuts won’t be coming soon. The Labor Department reported a 0.5% jump in the Producer Price Index for January, with core PPI notching an even sharper 0.8% gain. “Wider margins for producers could add some upside for consumer costs in coming months as firms pass along higher costs for services,” Nationwide senior economist Ben Ayers said. 3
Late Wednesday, AMD unveiled a new multi-year tie-up with Nutanix (NTNX.O), targeting an open, end-to-end AI infrastructure platform for “agentic AI”—systems that can plan and act independently, beyond simple prompt responses. The deal sees AMD putting $150 million into Nutanix shares at $36.26 apiece, plus up to $100 million more for joint engineering and go-to-market efforts. That brings AMD’s total commitment to as much as $250 million. “Enterprise customers need the freedom to run the models and workloads that matter most to their business, without compromise,” said AMD executive Dan McNamara. 4
AMD landed a separate supply pact with Meta Platforms (META.O) earlier this week, with AMD saying the arrangement could hit $60 billion over five years and handing Meta the option to snap up as much as 10% of the chipmaker. “Meta is locking in supply, diversifying away from a single vendor,” noted Hargreaves Lansdown senior equity analyst Matt Britzman. Reuters also reported the agreement features a warrant on 160 million AMD shares, exercisable at just one cent apiece. 5
Meta cast the deal as another move in its push to broaden its AI compute strategy, pointing specifically to inference — the phase where models turn training into real-world answers. “We’re excited to form a long-term partnership with AMD to deploy efficient inference compute,” said Meta CEO Mark Zuckerberg. He said the deal should also give Meta’s compute portfolio more variety. 6
According to a Form 4 filed Thursday, AMD’s tech chief Mark Papermaster shifted 206,606 shares apiece into two grantor retained annuity trusts on Feb. 24. The separate securities filing details the move. 7
The timeline on these AI deals stretches out — with rates still calling the shots on the near-term action. Nutanix’s investment doesn’t close until the second quarter and still faces a round of approvals. Meta’s agreement? That’s tied to a buildout that unfolds over years, not months. And those stock-based incentives: dilution remains an unresolved factor lurking in the backdrop.
Investors’ attention turns to AMD at the Morgan Stanley Technology, Media & Telecom Conference on March 3, where the company is likely to field questions about AI demand, pricing, and delivery schedules. 8
