Advanced Micro Devices (AMD) saw its stock surge over 15% in pre-market trading following Meta’s announcement of a substantial 6-gigawatt agreement to power its next generation of AI infrastructure with AMD Instinct GPUs and EPYC CPUs. This deal marks a significant validation for AMD, positioning it competitively against Nvidia, as Meta’s commitment not only enhances AMD’s revenue prospects—estimated at $100 billion over five years—but also solidifies a long-term partnership that intertwines both companies’ financial successes. Additionally, this partnership allows AMD to prioritize its production with TSMC’s leading-edge nodes, underpinning its efforts to challenge Nvidia’s dominance in the AI market.
Advanced Micro Devices surges after Meta’s $100B AI deal
