Meta Platforms entered a multi-year agreement to acquire up to 6 gigawatts of AMD Instinct GPUs, marking one of the largest single orders for high-performance accelerators in the hyperscale sector. Initial shipments are scheduled to begin in the second half of 2026, aligning with Meta’s expansion of its AI and data center infrastructure.

The contract is accompanied by performance-based warrants that grant Meta the right to purchase up to 160 million AMD shares, equating to roughly a 10% ownership position if fully exercised. These warrants vest based on shipment milestones and GPU utilization thresholds tied to Meta’s deployment schedule.

This deal signals a strategic shift as major cloud and social media operators reduce reliance on a single chip supplier, potentially boosting AMD’s market share against competitors. The transaction also underlines growing demand for AI-capable hardware and could accelerate AMD’s revenue growth and valuation prospects.