Meta plans to purchase potentially up to $100 billion worth of AMD chips, enough to drive roughly six gigawatts of data center power demand, the companies announced Tuesday. As part of the multiyear agreement, AMD has issued Meta a performance-based warrant for up to 160 million shares of AMD common stock — or about 10% of the company — for $0.01 each, structured to vest alongside certain milestones. The full stock award is conditional on AMD’s share price, which would need to hit $600 for Meta to receiv ...

Meta plans to purchase potentially up to $100 billion worth of AMD chips, enough to drive roughly six gigawatts of data center power demand, the companies announced Tuesday.As part of the multiyear agreement, AMD has issued Meta a performance-based warrant for up to 160 million shares of AMD common stock — or about 10% of the company — for $0.01 each, structured to vest alongside certain milestones. The full stock award is conditional on AMD’s share price, which would need to hit $600 for Meta to receive it ...