AMD is trading at $210.60 (+7.12%) after announcing a multi-year strategic partnership with Meta for up to 6GW of Instinct GPUs, worth potentially $60B over five years.
- The agreement includes a performance-based warrant for 160M shares, with shipments of the AI infrastructure hardware scheduled to begin in H2 2026.
- CFO Jean Hu expects the deal to drive significant multi-year revenue growth and bolster AMD's competitive position against Nvidia.
- The news triggered a massive premarket surge of 9-14% as investors reacted to the scale of the infrastructure commitment.