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AMD Rallies on Meta AI Deal

AMD Jumps on Expanded Meta Deal — Is Now the Time to Buy?

Shares of Advanced Micro Devices (AMD) closed 8.8% up on Feb. 24 after the company announced an expansion of its partnership with Meta Platforms (META).

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Facebook owner Meta to buy AI chips from AMD in deal worth up to $100 billion

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Meta and AMD Team Up to Take on Nvidia in Massive AI Chip Deal

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Meta Announces Major Chips-for-Stock Deal With AMD

Meta said on Tuesday that it would purchase billions of dollars worth of semiconductors from Advanced Micro Devices to develop artificial intelligence technologies and power new data centers.

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AMD shares jump as Meta agrees to chip deal worth more than $100 billion

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$100B Deal: Meta’s AI Chip Pact With AMD Could Shake Up Tech Industry

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Meta agrees $60bn deal with chipmaker AMD despite AI bubble fears

AMD will supply 6GW worth of chips to Meta, starting with 1GW of the company’s forthcoming MI450 hardware in the second half of this year, AMD’s chief executive, Lisa Su, said.

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Meta agrees multibillion-dollar chip deal with AMD

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AMD and Meta Announce Expanded Strategic Partnership to Deploy 6 Gigawatts of AMD GPUs

Meta Platforms Stock: Is META Underperforming the Communication Services Sector?

Although META has underperformed the Communication Services Sector over the past year, analysts remain highly bullish about its prospects.

CNBC

Meta stock climbs 3% on report of planned metaverse cuts

Meta stock climbed after Bloomberg reported that the company was looking to make cuts to the metaverse unit. The budget cuts could be as high as 30% for the unit and would likely include layoffs, the news outlet reported. The Facebook parent company ...

24/7 Wall St.

Advanced Micro Devices Wrecks the Doomsayers With Massive Meta Pact

Last week, Nvidia (NASDAQ:NVDA | NVDA Price Prediction) and Meta Platforms (NASDAQ:META) expanded their partnership, with Meta committing to millions of Nvidia GPUs for its AI data centers. The news sent Advanced Micro Devices (NASDAQ:AMD) stock tumbling about 3%,

CBS News

Meta signs 3 deals for nuclear energy to power AI data centers

Meta has cut a trio of deals to power its artificial intelligence data centers, securing enough energy to light up the equivalent of about 5 million homes. The parent company of Facebook on Friday announced agreements with TerraPower, Oklo and Vistra for ...