AMD stock jumped in after-hours trading after Meta and AMD confirmed an expanded, multi-year agreement that positions AMD as a major supplier for Meta’s AI infrastructure buildout. The deal centers on deploying up to 6 gigawatts of AMD GPU computing capacity, with initial shipments scheduled for the second half of 2026 and an early rollout built around a custom GPU using AMD’s MI450 architecture.
A five-year purchase commitment was described at up to $60 billion, but the structurally important feature is the performance-based warrant that links potential equity ownership to execution. AMD granted Meta a milestone-driven warrant that can allow Meta to buy up to 160 million shares at $0.01 per share if shipment and purchase targets progress toward the 6-gigawatt goal. The final portion is gated by a condition tied to AMD’s share price reaching $600.
Key details shaping AMD stock expectations
- MI450-based systems form the first deployment wave
- Meta plans to buy AMD CPUs alongside GPUs, including a customized CPU variant across two generations
- Warrant vesting tracks deliveries and purchases rather than a cash investment
- Meta continues a multi-vendor strategy while scaling datacenter capacity, including a large Louisiana build estimated at $27 billion
| Item | Detail |
| Compute capacity | Up to 6 GW of AMD GPU compute |
| Start timing | Initial shipments in 2H 2026 |
| Deal size | Up to $60B over five years |
| Equity-linked feature | Performance-based warrant up to 160M shares |
| After-hours move | About +8.8% reported |
