Meta hasn't only got eyes for Nvidia — it just signed a big chip deal with AMD.
The social network giant has agreed to purchase 6 gigawatts' worth of AMD's artificial intelligence chips, the companies said on Tuesday.
Meta, which last week doubled down on its partnership with Nvidia, said it was entering a multi-year agreement with AMD to support its AI infrastructure buildout.
It plans to deploy AMD's custom Instinct GPUs, with shipments expected to start in the second half of 2026, the companies said on Tuesday.
AMD's stock was up by as much as nearly 12% premarket following the announcement.
The deal would also allow Meta to purchase up to 10% of AMD's stock, with the shares vesting based on certain shipping milestones agreed upon by the companies.
"We're excited to form a long-term partnership with AMD to deploy efficient inference compute and deliver personal superintelligence," Meta CEO Mark Zuckerberg said in a statement. He added that the deal was an important step for Meta as it diversifies the chips it uses to power its AI bets.
It's the latest mega-chip deal struck by AMD, with the company agreeing to a multi-year partnership to provide its AI chips to OpenAI in October.
Last week, Meta expanded its partnership with Nvidia with a "multigenerational" deal, committing to use millions of Nvidia's current and next-generation chips for its AI buildout.
The deals continue to underscore the vast amount of infrastructure companies believe is required to meet AI demand. To put Meta and AMD's deal in perspective, 1 gigawatt is roughly equivalent to the power needed to run the homes of a midsize city like San Francisco.
