US Stock Movement | AMD surges over 13% pre-market, expands strategic partnership with Meta, and reaches AI device and equity trading agreement

NightAirdropper · 2026-02-24T15:12:59+00:00

AMD and Meta reach a 6 GW agreement to support Meta's next-generation AI infrastructure, expanding their strategic partnership. AMD Chairman Dr. Lisa Su stated that they are driving AI development at a new scale and have granted warrants to Meta.

NightAirdropper

2026-02-24 15:12:59

Abstract generation in progress

Gelonghui, February 24 — AMD (AMD.US) pre-market surged sharply, rising over 13%; Meta pre-market declined, currently down 0.2%. According to news, AMD and Meta announced today that they have reached a 6-gigawatt agreement aimed at supporting multiple generations of AMD Instinct GPUs for Meta’s next-generation AI infrastructure. This agreement expands their existing strategic partnership and coordinates development roadmaps at the chip, system, and software levels to deliver an AI platform tailored for Meta’s workloads. AMD Chairman and CEO Dr. Lisa Su said, “We are proud to expand our strategic cooperation with Meta, as we push the boundaries of AI on an unprecedented scale.” As part of the agreement, to further align strategic interests, AMD has granted Meta performance-based warrants to purchase up to 160 million shares of AMD common stock.

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.