Meta to Spend Billions of Dollars on AMD Gear, Buy Stock (2)

Meta Platforms Inc. will deploy 6 gigawatts’ worth of data center gear based on processors from Advanced Micro Devices Inc., a blockbuster deal that marks a win for the chipmaker’s attempts to catch up with Nvidia Corp.

Meta will buy AMD chips and computers designed to run artificial intelligence models over a five-year stretch, beginning in the second half of 2026. The series of transactions will be worth “double-digit billions” of dollars per gigawatt, according to AMD Chief Executive Officer Lisa Su.

AMD head Lisa Su sees Meta spending “double-digit billions” of dollars per gigawatt in the companies’ new deal.

Photographer: Bridget Bennett/Bloomberg

As part of the arrangement, Meta will receive warrants to buy 160 million AMD shares in ...