Is Meta Platforms a Buy After AMD Deal?

While Advanced Micro Devices (AMD 1.71%) shares were the ones that zoomed higher following its deal with Meta Platforms (META 1.29%), the deal is a good one for Meta as well.As part of the deal, Meta will purchase 6 gigawatts of AMD's graphics processing units (GPUs), while also agreeing to be one of AMD's lead customers for its sixth-generation EPYC central processing units (CPUs).In exchange, Meta will receive warrants for up to 160 million AMD shares. The warrants will vest based on GPU shipments and AMD ...