Reached a $60 billion AI chip procurement agreement with Meta. AMD.US, the American microchip company, surged over 10% in pre-market trading.

K-LinePoet · 2026-03-03T14:05:57+00:00

AMD rises more than 10% before market open after reaching a strategic partnership agreement with Meta. Meta will purchase up to $60 billion worth of AI chips and related equipment from AMD over the next five years, marking a shift for Meta from hardware buyer to supply chain partner and driving changes in the AI chip market landscape.

K-LinePoet

2026-03-03 14:05:57

Abstract generation in progress

On Tuesday, AMD (AMD.US) surged over 10% in pre-market trading, reaching $216.43. According to recent news, global social media giant Meta Platforms announced a groundbreaking strategic partnership with semiconductor leader AMD. Under the official plan disclosed by both parties, Meta commits to purchasing up to $60 billion worth of AI chips and related data center hardware from AMD over the next five years, aiming to build a solid computing foundation for its rapidly expanding artificial intelligence empire.

This move marks Meta’s transition from a pure hardware buyer to a strategic partner deeply involved in the supply chain. It not only secures AMD’s largest single order in history but also officially signals the shift in the AI chip market from “monopoly dominance” to a “duopoly” competition.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.