New York (AFP) – Social media giant Meta has reached an agreement to purchase millions of chips from AMD, including the sale of shares in the latter to the owner of Facebook.

Published on: 02/24/2026 - 4:47 p.m.

AMD has committed to delivering, from the second half of 2026, graphics processors (GPUs), very popular in artificial intelligence, representing a total power of six gigawatts (GW).

In a conference call, AMD Chief Financial Officer Jean Hu spoke of a "double-digit" amount in billions of dollars per gigawatt, meaning it should reach at least $60 billion. According to the Wall Street Journal, the contract would total more than $100 billion.

Asked by AFP on this subject as well as concerning the exact duration of the multi-year partnership, Meta did not respond immediately.

Around 2:50 p.m. GMT, AMD shares gained 6.48%.

While it's not possible to determine an exact number of CPUs based on this number alone, that's several million GPUs.

“This is an important step for Meta in diversifying its IT capabilities,” commented Mark Zuckerberg, boss of Meta.

This new monster contract confirms Meta's appetite in the development of AI.

Long considered poorly positioned in this race, its artificial intelligence models being considered inferior to the competition, the Menlo Park (California) group significantly strengthened itself in the field in the second half of 2025. It recruited, often at a high price, several figures in the sector, and pushed the cursor of its investments.

After spending $72 billion, most of it on new capabilities for AI, from data centers to chips, it plans a capital budget of between $115 billion and $135 billion in 2026.

Challenge Nvidia

As for AMD, this new contract allows it to continue its repositioning vis-à-vis the juggernaut of specialized chips for AI Nvidia, the largest market capitalization in the world, which currently has a good head start.

The Santa Clara (California) group is due to launch its new MI450 graphics processor in the second half of the year, which AMD hopes will compete with Nvidia's new GPU architecture, the Rubin, also expected in the second half of 2026.

The agreement announced Tuesday provides for the issue and sale to Meta of 160 million “warrants”, financial derivative products which can be transformed into shares under certain conditions, mainly linked to deliveries as well as the evolution of the share price.

At most, Meta could ultimately own 10% of AMD's shares, based on the number of shares currently in circulation.

This is an atypical agreement, the supplier agreeing, in addition to delivering its products, to grant, without financial compensation, its own shares to the principal.

A similar agreement was concluded between AMD and OpenAI in October, with the same number of “warrants” at stake.

The idea, according to financial director Jean Hu, is to “align the interests of the two companies”.

“This is a vote of confidence for AMD and its next-generation AI equipment,” commented Matt Britzman, analyst at Hargreaves Lansdown, in a note.

However, the clause providing for the grant of shares "suggests that it could have difficulty generating organic demand" for its processors.

For the analyst, the characteristics of this contract show the extent to which “Nvidia is still dominant” in the AI ​​processor market.

“AMD had to improve conditions with actions,” he emphasizes. “We don’t see Nvidia doing this to ensure demand” for its chips.

On Wall Street, Nvidia shares fell 0.83%.

“If the product is so good, why does AMD have to give up 10% of its capital” to close a contract? Bank of America analyst Vivek Arya asked during the conference call.

CEO Lisa Su defended the deal as a "transformational partnership" that will significantly accelerate AMD's data center and AI volumes.

© 2026 AFP

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