Meta’s $60bn AMD AI chip pact comes with a stock warrant twist as Nvidia eyes PC CPUs
Advanced Micro Devices said Tuesday that Meta Platforms has agreed to purchase as much as $60 billion worth of its AI chips over a five-year stretch—part of a broader supply deal that could let the Facebook parent take up to a 10% stake in AMD. Shares of the chipmaker jumped more than 10% ahead of the open. AMD CEO Lisa Su described Meta’s commitment as “a big bet.” The deal arrives just as America’s largest tech firms scramble to lock in AI computing power, with chips and electricity now just as limiting as code itself. Bloomberg, citing Su, put the deals at “double-digit billions” of dollars per gigawatt of capacity.