US Stock Movement | Reached a $60 billion AI chip procurement agreement with Meta, AMD Inc. (AMD.US) surged over 10% pre-market

LootboxPhobia · 2026-02-25T00:32:59+00:00

AMD, after reaching a $60 billion strategic partnership agreement with Meta, saw its stock price surge over 10%. This collaboration marks Meta's transformation from a hardware buyer to a supply chain strategic partner and also brings changes to the competitive landscape of the AI chip market.

LootboxPhobia

2026-02-25 00:32:59

Abstract generation in progress

Zhìtōng Finance APP has learned that on Tuesday, AMD (AMD.US) surged over 10% in pre-market trading, reaching $216.43. According to reports, global social media giant Meta Platforms announced a groundbreaking strategic partnership with semiconductor leader AMD. Under the official plans 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 AI empire.

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

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.