[New York Movers] AMD Jumps 8% on Large-Scale AI Chip Deal With Meta

Shares of AMD jumped by nearly 9%, driven by news that the company has signed a large-scale artificial intelligence (AI) chip supply contract with Meta.

On the 24th (local time), AMD closed at 213.84 dollars, up 8.77% from the previous trading day. The stock also rose slightly in after-hours trading.

According to Reuters and other foreign media, AMD has agreed to supply AI chips to Meta for the next five years. The two companies did not disclose specific financial terms. However, the Wall Street Journal (WSJ) estimated that the value of the deal exceeds 100 billion dollars.

The contract covers AMD's MI450 series GPUs and its EPYC central processing units (CPUs), as well as the Helios server racks that AMD unveiled last month at CES 2026, the world's largest electronics and IT exhibition. The first batch of 1 GW of customized GPUs will begin shipping in the second half of this year, with volumes to be expanded in stages thereafter.

The deal also includes equity-linked terms. AMD has agreed to gradually grant Meta warrants allowing it to purchase up to 160 million shares, equivalent to about 10% of AMD's total outstanding shares, at 0.01 dollar per share, depending on conditions such as Meta's actual purchase volume of products and AMD's share price.