Meta (META) and AMD (AMD) are entering into a multiyear agreement that will see Meta purchase upward of 6 gigawatts' worth of AI chips as part of its massive AI build-out. As part of the deal, announced Tuesday, AMD will issue Meta 160 million shares of common stock that will vest in a series of tranches if AMD hits certain milestones, the first of which will hit when AMD ships its first 1 gigawatt of chips. AMD shares jumped as much as 10% in premarket trading before paring those gains in the regular se ...