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Meta’s US$100b AMD AI Deal And What It Means For Valuation
Meta Platforms (NasdaqGS:META) signs a multi-year AI hardware agreement with AMD worth over US$100b.
The deal includes an option for Meta to take up to a 10% equity stake in AMD.
The agreement expands Meta's AI chip sourcing beyond Nvidia and is structured as a chips for shares arrangement.
Meta Platforms, the owner of Facebook, Instagram, WhatsApp and Reality Labs, is pushing further into large scale AI infrastructure with this AMD agreement. The deal sits at the intersection of two major...