Meta agrees multibillion-dollar chip deal with AMD

Meta has struck a multibillion dollar chip deal with AMD that could lead to the Facebook owner taking a 10 per cent stake in the group, sending shares in the US chipmaker surging.AMD also issued Meta with a performance-based warrant, giving it the option to acquire up to 160 million AMD shares in tranches at an exercise price of $0.01 (€0.009), as the Facebook owner buys successive orders of processors.The shares-for-chips arrangement represents the latest “circular” transaction in the industry and mirrors a deal AMD struck with OpenAI in October, in which the ChatGPT maker was offered a 10 per cent stake in the chip group over time. Do you think that AMD is the preferred option after NVIDIA?