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AMD's Stock Jumps 10% After Major AI Chip Deal with Meta

The announcement of a significant AI chip deal between AMD and Meta has led to a substantial...
February 24, 2026 by
Key Metrics

10.97

Heat Index
  • Impact Level
    Medium
  • Scope Level
    National
  • Last Update
    2026-02-24
Key Impacts
Positive Impacts (9)
High-Bandwidth Memory (HBM) Suppliers
Meta Platforms (META)
Philadelphia Semiconductor Index (SOX)
Advanced Micro Devices (AMD)
Power Semiconductor Makers
Taiwan Semiconductor Manufacturing Co. (TSMC)
Negative Impacts (2)
Intel Corporation
NVIDIA Corporation
Total impacts: 14 | Positive: 9 | Negative: 2
Event Overview

The announcement of a significant AI chip deal between AMD and Meta has led to a substantial increase in AMD's stock value. The agreement, involving a large volume of AI chips and potential equity investment, underscores the growing demand for advanced computing solutions in the tech industry.

Collect Records
AMD's Stock Surges After Announcing Deal with Meta
2026-02-24 20:02

On February 24th, AMD's stock surged over 10% in pre-market trading. This increase followed an announcement that AMD and Meta have agreed to a 6-gigawatt deal. Additionally, AMD will sell up to $60 billion worth of AI chips to Meta. Furthermore, Meta may acquire up to a 10% stake in AMD.

Total records: 1
AMD and Meta Strengthen AI Infrastructure Partnership with 6-Gigawatt Agreement
This partnership highlights the growing investment in AI infrastructure, with a focus on advanced...