AMD Lands $60B AI Chip Deal With Meta, Shares Surge Over 10%
AMD struck a $60 billion multi-year agreement to supply Meta Platforms with MI300 GPUs, delivering up to six gigawatts of AI compute capacity. The chipmaker’s shares jumped 10.2% premarket as investors priced in expanded data-center sales and improved FY26 revenue outlook.
1. AMD Secures $60 Billion AI Chip Deal With Meta
AMD signed a multi-year supply agreement worth up to $60 billion with Meta Platforms to deliver its MI300 series GPUs. The deal calls for deployment of up to six gigawatts of AI compute capacity in Meta’s data centers, marking a major expansion of AMD’s enterprise footprint.
2. Stock Reaction and Revenue Outlook
Following the announcement, AMD shares rallied 10.2% in premarket trading, reversing an 8.2% year-to-date decline. Analysts are revising upwards FY26 revenue forecasts as the Meta contract underpins a significant portion of AMD’s projected data-center sales.
3. Competitive and Strategic Impact
The Meta partnership positions AMD as a direct challenger to Nvidia in hyperscale AI infrastructure. Securing a marquee customer like Meta enhances AMD’s credibility for future deals and diversifies its high-margin data-center business.