AMD shares surge 9% on $60 billion GPU deal with Meta

Shares of Advanced Micro Devices (AMD) surged 9% on Nasdaq to hit a high of $213.43 on Tuesday after the company announced its strategic partnership to deploy 6 gigawatts of AMD GPUs.

Meta is partnering with AMD to rapidly scale AI infrastructure and accelerate the development and deployment of cutting-edge AI models, a company release said, adding that both the companies have agreed to a definitive multi-year, multi-generation partnership to deploy up to 6 gigawatts of AMD Instinct GPUs.

Under the deal, AMD will sell up to $60 billion worth of artificial intelligence chips to Meta Platforms over five years in a deal that allows the Facebook owner to purchase as much as 10% of the chip firm.


This agreement expands on the companies’ existing strategic partnership, the company said, adding that it aligns roadmaps across silicon, systems and software to deliver AI platforms purpose-built for Meta’s workloads.

The first deployment will use a custom AMD Instinct GPU based on the MI450 architecture to deliver AI platforms that are optimised for Meta’s workloads at gigawatt-scale.

Shipments supporting the first gigawatt deployment are scheduled to begin in the second half of 2026 powered by the custom AMD Instinct MI450-based GPU and 6th Gen AMD EPYC CPUs, codenamed “Venice,” running ROCm software and built on the AMD Helios rack-scale architecture.

AMD Helios was developed jointly by AMD and Meta through the Open Compute Project to enable scalable, rack-level AI infrastructure.

Commenting on the development, Chair & CEO Dr. Lisa Su said, “We are proud to expand our strategic partnership with Meta as they push the boundaries of AI at unprecedented scale.”. “This multi-year, multi-generation collaboration across Instinct GPUs, EPYC CPUs and rack-scale AI systems aligns our roadmaps to deliver high-performance, energy-efficient infrastructure optimised for Meta’s workloads, accelerating one of the industry’s largest AI deployments and placing AMD at the center of the global AI buildout,” Su added.

Meanwhile, Meta shares fell 1.3% intraday to the day's low of $628.98 around 10:40 AM ET (9:11 pm India time).

AMD ‌had signed a similar ⁠pact ⁠with OpenAI last year, which was hailed as a vote of confidence in its chips and software, significantly boosting its stock price.

Meta and OpenAI are set to own a stake in one of their most significant suppliers at a time when rival chipmaker Nvidia is eyeing investments in some of its largest customers, including the ChatGPT parent, Reuters reported.

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