Meta Plans 1GW AMD Chip Deployment, Price Target Raised to $375
Meta will deploy over 1 gigawatt of custom silicon built with Broadcom alongside significant AMD chip capacity as it raises infrastructure capex due to higher memory costs. Susquehanna lifted its AMD price target to $375 from $300, citing robust AI and data center demand and driving a 1.6% premarket gain.
1. Meta Expands Infrastructure with AMD Chips
Meta has increased its infrastructure capex forecast for the year to offset rising component and memory costs. The company plans to integrate over one gigawatt of custom silicon co-developed with Broadcom alongside a significant volume of AMD chips to enhance the performance and efficiency of its new Nvidia-based systems.
2. Susquehanna Lifts Price Target on AMD to $375
An investment firm raised its price target on AMD to $375 from $300, citing stronger-than-expected demand for AI and data center chips. The upgrade propelled AMD shares up 1.6% in premarket trading as investors anticipate May 5 Q1 results and focus on data center revenue, AI chip uptake and margin trends.