Meta Strikes Up to $100B AMD Chip Deal for AI Push

Meta is making a monumental bet on AI hardware, signing a multiyear deal with AMD that could be worth up to $100 billion. The agreement includes a massive purchase of AMD's upcoming AI accelerators and a warrant for Meta to buy 160 million shares of AMD stock. This historic deal is a cornerstone of Meta's strategy to diversify its AI infrastructure away from near-total reliance on NVIDIA. As the company pours billions into developing advanced AI for its social platforms, advertising systems, and metaverse ambitions, securing a reliable and scalable supply of computing power is existential. The investment will dramatically expand Meta's global data center capacity to train and run increasingly large AI models. The move also represents a huge win for AMD, positioning it as a credible second-source supplier in the high-stakes AI chip market. For the broader industry, Meta's massive commitment signals an intensifying arms race for AI compute, with tech giants willing to spend unprecedent