Meta and AMD agree on AI chip deal worth over $100 billion

The deal could result in Meta owning up to 10% of AMD shares as the chipmaker attempts to challenge Nvidia. Meta Platforms has agreed to purchase 6 gigawatts of AI computing power from Advanced Micro Devices. The deal is valued at over $100 billion and could lead to Meta acquiring up to 10% of AMD shares. The agreement announced by the companies on February 24, 2026, is a coup for AMD in its effort to compete with Nvidia in the graphics processor (GPU) market, the microchips driving the AI boom. AMD shares rose by as much as 15% in pre-market...