Meta Platforms stock declined 0.3% amid multiple news developments. The company announced a major chip deal with AMD worth up to $100 billion over multiple years, allowing Meta to purchase AMD's MI540 series GPUs and latest generation CPUs. As part of the agreement, AMD issued Meta a performance-based warrant for up to 160 million shares, or about 10% of AMD. Meta is also pursuing a separate multiyear deal with Nvidia and investing in its own in-house chips. The company pledged at least $600 billion in U.S. data center and AI infrastructure investment over several years, with projected 2026 capital expenditure of $135 billion. Additionally, Meta and WhatsApp agreed to comply with data privacy tribunal orders by March 16, and Meta secured a 1.2-gigawatt nuclear power agreement with Oklo to support data center operations.
Read full analysisMeta Platforms stock declined 0.3% amid multiple news developments. The company announced a major chip deal with AMD worth up to $100 billion over multiple years, allowing Meta to purchase AMD's MI540 series GPUs and latest generation CPUs. As part of the agreement, AMD issued Meta a performance-based warrant for up to 160 million shares, or about 10% of AMD. Meta is also pursuing a separate multiyear deal with Nvidia and investing in its own in-house chips. The company pledged at least $600 billion in U.S. data center and AI infrastructure investment over several years, with projected 2026 capital expenditure of $135 billion. Additionally, Meta and WhatsApp agreed to comply with data privacy tribunal orders by March 16, and Meta secured a 1.2-gigawatt nuclear power agreement with Oklo to support data center operations.
Meta Platforms operates Facebook, Instagram, WhatsApp, and Messenger, serving over 3.5 billion daily users globally, with virtually all revenue from digital advertising — a business that generated $59.9 billion in Q4 2025 alone, up 24% year-over-year. The company is investing aggressively in AI infrastructure with 2026 capex guided at $115–$135 billion, now diversifying chip supply through major deals with both Nvidia and AMD while selling over 7 million Ray-Ban AI glasses in 2025. Today's muted reaction to the AMD chip deal underscores the market's focus on whether this spending translates to returns rather than on the deals themselves.