AMD Stock Price Surges 10% on Historic $60B Meta AI Partnership
AMD stock price exploded higher on Tuesday, February 24, 2026, as Advanced Micro Devices announced a landmark five-year AI chip deal with Meta Platforms worth up to $60 billion. The agreement — one of the largest AI hardware contracts ever disclosed — sent AMD stock rocketing more than 10% intraday, validating the chipmaker's push to challenge Nvidia's dominance in the artificial intelligence infrastructure market.
AMD Stock Price Today: Key Numbers
| Metric | Value |
|---|---|
| Current Price | ~$212.44 |
| Day's Range | $197.38 – $227.00 |
| Opening Price | $217.88 |
| Prior Close | ~$196.50 |
| Intraday Gain | +8–10% |
| 52-Week Range | $76.48 – $267.08 |
| Market Cap | ~$344 billion |
What's Driving AMD Stock Higher: The Meta Deal
AMD and Meta Platforms signed a five-year agreement covering up to 6 gigawatts of AMD Instinct GPU deployments. As part of the deal, Meta will receive a performance-based warrant for up to 160 million shares of AMD — a structure that ties Meta's rewards directly to AMD stock performance over time. The total contract value could reach $60 billion, making it one of the most consequential chip deals in recent memory for AMD stock.
AMD Stock and the AI Chip War With Nvidia
The Meta agreement is widely seen as the strongest proof yet that AMD stock deserves a seat at the AI table alongside Nvidia. AMD has been building out its Instinct GPU lineup for data center AI workloads, and the Meta contract confirms hyperscalers are willing to deploy AMD hardware at scale. Networking and AI-adjacent stocks — including Arista Networks — also moved higher on the news, reflecting the broader market read that AMD is closing the competitive gap.
AMD Stock Analyst Outlook and Price Targets
Wall Street remains broadly bullish on AMD stock heading into this catalyst:
| Metric | Value |
|---|---|
| Analyst Consensus | Moderate Buy |
| Average 12-Month Price Target | $283.69 |
| Maximum Price Target | $365.00 |
| Minimum Price Target | $210.00 |
| Buy Ratings (last 3 months) | 97 |
| Hold Ratings (last 3 months) | 44 |
| Sell Ratings | 0 |
The average analyst price target of $283.69 represents roughly 41% upside from AMD stock's pre-deal close, a figure that could shift further upward as analysts update models to reflect the Meta deal.
AMD Fundamentals Supporting the Stock
AMD closed Q4 2025 with revenue of $10.3 billion, up 34% year over year, beating guidance. Q1 2026 guidance called for $9.8 billion in revenue — 32% growth versus the prior year period — which came in ahead of Wall Street estimates. AMD stock's forward P/E sits around 28, reflecting strong but more measured expectations relative to its trailing multiple of roughly 101. Last quarter's EPS of $1.53 beat the $1.32 consensus estimate, and the next quarter EPS estimate stands at $1.27.
What's Next for AMD Stock
With the Meta deal now public, investors will focus on whether AMD stock can sustain the breakout or pull back toward support near the $197 level established earlier in today's session. AMD stock's 52-week low of $76.48 now feels distant — the chipmaker has nearly tripled from that trough. A move through the $227 intraday high could open the path toward the $267 all-time high set over the past year. The broader AI spending cycle, combined with AMD's growing roster of hyperscaler partners, continues to position AMD stock as a high-conviction name in the semiconductor sector.
