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Advanced Micro Devices (AMD) Signs Multi-Year Meta AI Deal
Advanced Micro Devices (AMD) has signed a multi-year agreement with Meta Platforms for over $100 billion in AI computing capacity. This partnership is viewed positively by analysts D.A. Davidson and TD Cowen, who reiterated their ratings with price targets of $220 and $290 respectively. The deal includes 6 gigawatts of AI compute capacity and customization components, similar to AMD’s previous arrangement with OpenAI.