After reaching a significant multi-year supply agreement with Meta, AMD's stock price rose over 10% in pre-market trading, reaching $216.81. Under the agreement, Meta will use up to 6GW of AMD Instinct GPUs to support its AI infrastructure and purchase EPYC CPUs, including customizable versions. AMD CEO Dr. Su Zifeng stated that this collaboration will align both parties' roadmaps to optimize Meta's workload infrastructure and accelerate large-scale AI deployment. AMD CFO Hu Jing expects this partnership to drive significant revenue growth for the company over the coming years and boost non-GAAP earnings per share.
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After reaching a significant multi-year supply agreement with Meta, AMD's stock price rose over 10% in pre-market trading, reaching $216.81. Under the agreement, Meta will use up to 6GW of AMD Instinct GPUs to support its AI infrastructure and purchase EPYC CPUs, including customizable versions. AMD CEO Dr. Su Zifeng stated that this collaboration will align both parties' roadmaps to optimize Meta's workload infrastructure and accelerate large-scale AI deployment. AMD CFO Hu Jing expects this partnership to drive significant revenue growth for the company over the coming years and boost non-GAAP earnings per share.