AMD Jumps on Expanded Meta Deal — Is Now the Time to Buy?

Shares of Advanced Micro Devices (AMD) closed 8.8% up on Feb. 24 after the company announced an expansion of its partnership with Meta Platforms (META). Under the new multi-year agreement, Meta will use AMD’s Instinct graphics processing units (GPUs) to power up to 6 gigawatts of artificial intelligence (AI) infrastructure. AMD’s expanding partnership network and large planned deployments strengthen its competitive position in the global AI buildouts. This deal also strengthens AMD’s position as the lead ...