Meta’s $23.6bn Buyback Precedes 6GW AMD GPU Deal Projecting $23bn–$25bn Annual Spending
Meta spent $23.6bn on its most recent share buyback program, marking its largest repurchase initiative to date. The company struck a 6GW GPU supply deal with AMD—projected to underpin $23bn–$25bn in annual AI hardware commitments from 2027–2030—while its poaching of a Vercept co-founder prompted Anthropic’s acquisition of the AI startup.
1. Record $23.6 Billion Share Repurchase
Meta authorized $23.6 billion for its latest share buyback, the largest in company history, reducing outstanding shares to bolster earnings per share and return capital to investors without altering dividend policy.
2. 6GW AMD GPU Supply Agreement
The company secured a multi-year deal to deploy up to 6GW of AMD graphics processors beginning in the second half of 2026, supporting an estimated $23bn–$25bn in annual hardware commitments from 2027 through 2030 to power its expanding AI workloads.
3. AI Talent Poaching Spurs Startup Acquisition
After recruiting a Vercept co-founder to enhance its AI capabilities, Meta prompted rival Anthropic to acquire Vercept, underscoring fierce competition for specialized AI talent and technology among leading generative AI developers.