Meta Just Handed AMD $100 Billion and 10% of the Company. Nvidia Should Be Worried.
The AI chip wars just escalated from skirmish to full-blown conflict. Meta and AMD announced a multiyear deal worth over $100 billion — six gigawatts of AMD computing power, plus warrants giving Meta up to 160 million AMD shares at a penny each. That’s roughly 10% of the entire company. Read that again. The company that owns Facebook, Instagram, and WhatsApp could soon own a tenth of its chip supplier. This isn’t a procurement contract. It’s a hostile restructuring of the AI hardware economy. ...