AMD Stock Price Surges Up to 10% on Meta AI Chip Deal Worth Over $100 Billion
Feb. 24, 2026 — U.S. financial markets — Advanced Micro Devices (AMD) stock price jumped as much as 10% in early trading after announcing a landmark AI chip supply agreement with Meta Platforms potentially valued at more than $100 billion.
The deal, detailed in reports from the Wall Street Journal, includes provisions for Meta to acquire up to 10% ownership in AMD through vested shares linked to performance milestones, such as reaching a $600 share price. Shares of AMD opened at $211.63, reached a high of $213.43 and a low of $206.50, following a previous close of $196.60, reflecting gains of 6-10%.
Deal Details
Described as AMD’s second mega chip supply agreement, the pact positions the company as a stronger competitor to Nvidia in the AI sector, according to Reuters. Barron’s highlighted the vesting terms, while Investor’s Business Daily noted potential impacts on AMD shareholders from Meta’s stake.
Stock Performance
The AMD stock price has shown volatility, with a 7% surge tied to the Meta partnership per Yahoo Finance. The Globe and Mail reported a 6.1% intraday gain shortly after the announcement. Prior to the surge, the AMD stock price hovered around $195-200, within a 52-week range of $76.48 to $267.08.
Market Context
Real-time data from CNBC and MarketWatch tracked the AMD stock price movements. On X, trader sentiment mixed bearish tones with technical discussions of support levels at $190-200, amid echoes of the Meta deal.
