AMD stock jumps 4% on $1 billion Meta investment and AI partnership expansion

invezz.com (Dutch) —

AMD shares rose over 4% on Tuesday after the chipmaker announced a $1 billion investment in Meta's stock offering and expanded their partnership to develop AI computing infrastructure. The collaboration covers CPUs, GPUs, networking technology, systems, and software for Meta's AI workloads. AMD's Helios rack-scale solutions are being tested at Meta, with broader deployment planned, and the companies are co-developing future platforms including EPYC processors and Instinct GPUs. Analysts remain focused on AMD's data center outlook ahead of third-quarter results due November 3. GF Securities raised its price target to $720, while Bernstein maintained a Buy rating with a $650 target, citing strong server CPU growth and AI demand.


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