Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
AMD Just Won Another Massive AI Chip Deal. Its Stock Is Soaring.
AMD Just Won Another Massive AI Chip Deal. Its Stock Is Soaring.
Aaron Rennie
Tue, February 24, 2026 at 11:21 PM GMT+9 2 min read
In this article:
AMD
+7.09%
META
-0.21%
Key Takeaways
Advanced Micro Devices just scored another big AI chip deal, this time with Meta Platforms.
Shares of AMD (AMD) were up over 10% in premarket trading Tuesday after the chipmaker said it inked an agreement with Meta (META) to provide the Facebook and Instagram parent with 6 gigawatts of AMD Instinct GPUs to power its AI infrastructure.
The companies said that shipments supporting the first gigawatt deployment are set to begin in the second half of 2026. Financial terms of the deal weren’t disclosed, but The Wall Street Journal reported it could be worth more than $100 billion.
Why This Matters to Investors
The agreement marks the latest in a string of high-profile deals for AMD in recent months, and could help boost confidence in the stock, long seen as playing second fiddle to AI chip leader Nvidia.
The move could see Meta owning up to 10% of AMD’s stock. As part of the transaction, AMD issued Meta a performance-based warrant for up to 160 million shares of its stock, “structured to vest as specific milestones associated with Instinct GPU shipments are achieved.” AMD currently has just over 1.6 billion outstanding shares.
"We’re excited to form a long-term partnership with AMD to deploy efficient inference compute and deliver personal superintelligence,” Meta founder and CEO Mark Zuckerberg said in a release. “This is an important step for Meta as we diversify our compute. I expect AMD to be an important partner for many years to come.”
AMD shares entered the day down about 8% year-to-date, amid a broader pullback in parts of the AI trade in recent months. Meta shares, which are down roughly 3.5% in 2026, edged lower before the opening bell, while AMD rival Nvidia (NVDA), which reports its highly anticipated earnings Wednesday, slipped more than 1%.
Read the original article on Investopedia
Terms and Privacy Policy
Privacy Dashboard
More Info