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AMD strikes blockbuster $100B AI chip deal with Mark Zuckerberg’s Meta

Mark Zuckerberg
New York Post Fews App News Provider
Fews App Post Time 5h ago

Advanced Micro Devices said Tuesday it has agreed to sell up to $60 billion worth of artificial intelligence chips to Meta Platforms over five years in a deal that allows the Facebook owner to purchase as much as 10% of the chip firm. The agreement could potentially be worth more than $100 billion. AMD shares rose more than 7%, while market leader Nvidia, set to report results on Wednesday, were little changed.

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