Meta Platforms has signed a multiyear agreement with Advanced Micro Devices to deploy up to 6 gigawatts of AMD chips across its artificial intelligence data centers, days after committing to use millions of Nvidia processors.
The deal includes AMD’s MI450 GPUs and AI-optimized CPUs, with initial shipments expected later this year. Meta will also receive performance-based warrants to acquire up to 160 million AMD shares, or roughly 10% of the company, tied to deployment and stock benchmarks. AMD shares jumped following the announcement.
Meta strikes AI chip deal with AMD days after committing to deploy millions of Nvidia GPUs https://t.co/60cjfz9GNe
— CNBC (@CNBC) February 24, 2026
AMD CEO Lisa Su called the agreement one of the company’s most transformational as it seeks to narrow the gap with market leader Nvidia, which still dominates the AI chip space.
Meta plans up to $135 billion in capital spending this year as it races rivals like OpenAI and Anthropic. Analysts say the deal reflects growing demand for computing power and Meta’s strategy to avoid dependence on a single supplier.
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