- AMD stated that the first tranche of the performance-based warrant will vest with the initial 1-gigawatt of shipments, with additional tranches vesting as Meta’s purchases scale to six gigawatts.
- Further vesting is also tied to AMD’s stock achieving certain price thresholds, and exercise is tied to Meta achieving key technical and commercial milestones.
- AMD and Meta also announced they are expanding their EPYC processor partnership, with Meta as a lead customer for AMD’s sixth-generation EPYC CPUs, codenamed Venice and Verano.
Advanced Micro Devices Inc. (AMD) shares soared as much as 14% in Tuesday’s pre-market session before paring some of the gains to hover 10% higher after the company announced an expanded strategic partnership with Meta Platforms Inc. (META).
As part of the partnership, Meta will deploy six gigawatts of AMD GPUs to power Facebook-parent’s next generation of AI infrastructure.
“This multi-year, multi-generation collaboration across Instinct GPUs, EPYC CPUs and rack-scale AI systems aligns our roadmaps to deliver high-performance, energy-efficient infrastructure optimized for Meta’s workloads, accelerating one of the industry’s largest AI deployments and placing AMD at the center of the global AI buildout,” said AMD CEO and Chair, Lisa Su.
As part of the agreement, AMD has issued Meta a performance-based warrant for up to 160 million shares of AMD common stock. This warrant will vest as specific milestones associated with Instinct GPU shipments are achieved.
AMD stated that the first tranche of the performance-based warrant will vest with the initial 1-gigawatt of shipments, with additional tranches vesting as Meta’s purchases scale to six gigawatts. Further vesting is also tied to AMD’s stock achieving certain price thresholds, and exercise is tied to Meta achieving key technical and commercial milestones.
Retail sentiment on Stocktwits around AMD trended in the ‘bearish’ territory at the time of writing.
AMD, Meta Expand EPYC Processor Partnership
AMD and Meta also announced that they are expanding their EPYC processor partnership. AMD said that Meta will be a lead customer for its sixth-generation EPYC CPUs, codenamed Venice and Verano.
Verano is AMD’s next-generation EPYC processor designed with workload-specific optimizations to deliver leadership performance-per-dollar-per-watt.
AMD added that Meta has deployed millions of its EPYC processors, with significant deployments of the AMD Instinct MI300 and MI350 series GPUs across its global infrastructure.
Past Deals
The Meta deal struck by AMD is similar to the one it announced with OpenAI in October 2025. As part of its OpenAI deal, AMD said the AI startup will deploy up to 6 gigawatts of AMD GPUs, with the first gigawatt deployment kicking off in the second half of 2026.
AMD issued OpenAI a warrant for up to 160 million shares, with vesting tied to deployment milestones and the chipmaker’s stock price.
AMD also struck a deal with Oracle Corp. (ORCL) in October 2025, with Oracle announcing it will deploy 50,000 AMD AI chips, starting in the third quarter (Q3) of 2026 and continuing through 2027.
AMD stock is down 8% year-to-date, while META stock is down 3%.
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