Meta and AMD just announced another blockbuster chip deal
Business Insider·2026-02-24 12:24

Core Insights - Meta has entered a multi-year agreement with AMD to purchase 6 gigawatts of AI chips, enhancing its AI infrastructure [1][2] - Following the announcement, AMD's stock experienced a nearly 12% increase in premarket trading [1] Company Developments - Meta's CEO Mark Zuckerberg expressed enthusiasm for the long-term partnership with AMD, aiming to deploy efficient inference compute and deliver personal superintelligence [2] - This agreement follows AMD's recent multi-year deal to supply AI chips to OpenAI, indicating a trend of significant partnerships in the AI chip market [2]

Meta and AMD just announced another blockbuster chip deal - Reportify