Shares of Advanced Micro Devices, Inc. (AMD) climbed on Tuesday after the chipmaker announced a long-term artificial intelligence infrastructure partnership with Meta Platforms, Inc. (META).
The stock is currently trading at $210.05, up $13.45 or 6.84%, on the Nasdaq. The stock opened at $211.66 after closing Monday at $196.60. The stock has traded between $76.48 and $267.08 in the past 52-week period.
AMD and Meta said they reached a multi-year agreement to deploy up to 6 gigawatts of AMD Instinct GPUs to support Meta's next-generation AI infrastructure. The collaboration expands their existing partnership and aligns silicon, systems, and software roadmaps to optimize AI performance.
Shipments for the first 1-gigawatt deployment are expected to begin in the second half of 2026 using custom AMD Instinct GPUs and next-generation EPYC processors. AMD said the partnership is expected to drive significant multi-year revenue growth and contribute positively to adjusted earnings over time.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.