Artificial Intelligence

Meta signs agreement with Amd worth over USD 100 billion

The deal could lead to Mark Zuckerberg's group increasing its stake in Amd by up to 10%

by Biagio Simonetta

24 February 2026

2' min read

Translated by AI

Versione italiana

2' min read

Translated by AI

Versione italiana

For years it was the eternal runner-up, the credible but distant alternative to Nvidia's dominance in artificial intelligence chips. Now Advanced Micro Devices is trying to change the hierarchy in the heart of Silicon Valley. And after winning the trust of OpenAI, the company led by Lisa Su cashes in on a deal worth up to USD 60 billion with Meta Platforms. A move that definitively casts it in the role of Nvidia's structural rival in the AI infrastructure race.

The deal provides for the supply of chips for five years and offers Meta the opportunity to climb to a 10% stake in AMD. And adding up hardware supplies and share incentives, the total value of the deal, as written by the Wall Street Journal, may exceed $100 billion

An agreement that clearly had an immediate impact on the market, with AMD's stock initially rising more than 10%, after closing the previous session at $196.60. During trading, enthusiasm subsided slightly, although it remained above 6% in gains.

According to CEO Lisa Su, AMD will provide Meta with six gigawatts of computing capacity, starting with one gigawatt of the new MI450 platform in the second half of the year. This is a scale that gives a measure of Meta's ambitions and the trust placed in AMD chips, which are increasingly central in the construction of data centres dedicated to AI.

The agreement also includes customised CPUs designed to offer high performance with low power consumption, as well as two generations of core processors.

It should also be noted that Meta contributed to the design of the MI450, which is optimised for inference, the phase in which models respond to user queries. A segment that, according to several analysts, could surpass model training in size.

The financial mechanism further strengthens the bond: AMD will issue warrants for 160 million shares at a symbolic price of one cent, which will vest upon reaching price targets of up to USD 600, together with technical and commercial targets. Meta will thus be able to consolidate a significant equity position in its strategic supplier.

Meta, which also continues to purchase chips from Nvidia and develop proprietary solutions, aims to diversify to avoid supply bottlenecks. In a market where demand for computing power still exceeds supply, securing production capacity has become a competitive factor.

The context is one of unprecedented spending: according to estimates by the Reuters news agency, Alphabet, Microsoft, Amazon and Meta could invest at least USD 630 billion this year, most of it in data centres and AI chips.

For AMD, the agreement with Meta is proof that the industry is building a more balanced duopoly. For Nvidia, perhaps, it is a sign that competition is yes technological, but also beginning to play out on the ability to forge alliances with the big model manufacturers.

Biagio SimonettaRedattore
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Argomenti: Finanza, Fintech, Silicon Valley, Tecnologia
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