Meta Platforms has entered into a multiyear agreement with AMD to acquire over 6 gigawatts of AI chips, aimed at bolstering its AI infrastructure. According to NS3. AI, this partnership enhances AMD's position in the semiconductor and AI chip industry, aligning with Meta's ambitious $130 billion AI investment strategy. Following the announcement, AMD's shares rose by more than 6%, while Meta's stock experienced a decline due to investor apprehensions regarding heightened AI-related capital expenditures
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