AMD and Meta announce yet another circular megamoney GPU deal, this time for $60 billion of chips and potentially a 10% stake in AMD for Meta

AMD and Meta announce yet another circular megamoney GPU deal, this time for $60 billion of chips and potentially a 10% stake in AMD for Meta | PC Gamer Skip to main content Open menu Close main menu PC Gamer THE GLOBAL AUTHORITY ON PC GAMES US Edition UK US Canada Australia Subscribe Sign in View Profile Sign out Search Search PC Gamer Games Hardware News Reviews Guides Video Forum More PC Gaming Show PC Gamer Clips Software Codes Coupons Movies & TV Magazine Newsletter Affiliate links Meet the team Community guidelines About PC Gamer PC Gamer Magazine SubscriptionWhy subscribe?Subscribe to the world’s #1 PC gaming magTry a single issue or save on a subscriptionIssues delivered straight to your door or device From$1Subscribe now Don’t miss these Memory Explainer: The RAMpocalypse is making memory, SSDs, and even GPUs much more expensive, and it’s all down to AI Memory And I thought DDR5 prices were bad: Samsung is apparently charging $700 for its latest AI-empowering HBM product Hardware Jensen Huang teases reveal of ‘a chip that will surprise the world’ at next month’s GTC AI Japanese toilet manufacturer reportedly ‘most undervalued and overlooked’ beneficiary of AI boom Graphics Cards Cheap graphics card deals this week Graphics Cards Intel is still committed to evolving its Xe graphics architecture, though it’s only talking about AI data centers right now Hardware Nvidia dumps its $140 million stake in Arm but licensing deals remain and its new PC CPU is still go Graphics Cards ‘Credible and reliable contacts’ claim Nvidia is releasing an RTX 5090-beating GPU around September time this year Graphics Cards Nvidia reportedly won’t release any new RTX graphics cards this year, and the RTX 60-series is said to be pushed back, too Processors AMD’s desktop CPU market share climbs almost 10% from last year, according to research, but it still trails behind Intel in every sector Graphics Cards Best Buy creates the GPU pricing meme nobody asked for, so here’s the sadly inevitable Nvidia RTX 5090 for $5090 Graphics Cards Intel’s Arc B770 gaming graphics card claimed to be dead and the reason is inevitably AI AI OpenAI’s internal documents predict $14 billion loss in 2026 according to report Graphics Cards Nvidia might be doing what was once unthinkable: asking Intel to make some of its future AI chips Graphics Cards Intel CEO commits to building new GPUs and has hired the engineer who designed some of AMD’s greatest graphics card hits to design them PopularNEW: PC Gamer Clips!Arc RaidersBest PC gearFalloutGame Quizzes Hardware Graphics Cards AMD and Meta announce yet another circular megamoney GPU deal, this time for $60 billion of chips and potentially a 10% stake in AMD for Meta News By Jeremy Laird published 24 February 2026 Meta to buy $60 billion in GPUs but might end up owning $35 billion share in AMD. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. (Image credit: AMD) Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter PC Gamer Get the PC Gamer Newsletter Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team. Contact me with news and offers from other Future brands Receive email from us on behalf of our trusted partners or sponsors By submitting your information you agree to the Terms & Conditions and Privacy Policy and are aged 16 or over. You are now subscribed Your newsletter sign-up was successful Want to add more newsletters? Every Friday GamesRadar+ Your weekly update on everything you could ever want to know about the games you already love, games we know you’re going to love in the near future, and tales from the communities that surround them. 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From first-look trailers, interviews, reviews and explainers, we’ve got you covered. Signup + Once a month SFX Get sneak previews, exclusive competitions and details of special events each month! Signup + An account already exists for this email address, please log in. Subscribe to our newsletter Keeping up with all the megabucks deals going on right now in AI land is pretty much a full-time job. But for what it’s worth, here’s another doozy that involves silly amounts of money and a whiff of just the sort of cannibalistic circularity that makes the whole situation so unnerving. AMD and Meta have announced a new strategic alliance in which Meta buys $60 billion worth of AMD GPUs, but also might end up owning 10% of AMD into the bargain, a stake currently valued at around $35 billion.So, yeah, that’s seemingly $60 billion being paid out by Meta, only to effectively get $35 billion back, along with a whole hill of GPUs for making AI slop. First up, however, it’s worth noting that those dollar figures are estimates. The $60 billion is a Reuters estimate of the cost of what the official announcement explicitly mentions, namely 6 gigawatts worth of AMD Instinct GPUs for AI processing over a five-year period.As for the $35 billion, that’s based on details in the release and AMD’s current market value. Long story short, if certain stipulations are met, including the number of AMD Instinct GPUs shipped to Meta, and Meta itself “achieving key technical and commercial milestones”, then Zuckerberg’s company has the right to buy up to 160 million AMD shares. Related articles The AI money merry-go-round shows no sign of stopping as Meta, OpenAI, Nvidia, Amazon and Microsoft linked to deals worth nearly $200 billion Meta lost $19.1 billion on VR last year despite the mother of all pivots to AI including plans for AI-generated gaming Jensen Huang talks AI’s insatiable appetite for GPUs at the World Economic Forum: ‘spot price of GPU rentals is going up, not just the latest generation, but two generation old GPUs’ The slightly more detailed version is that if AMD issues all 160 million shares to Meta, that would then represent a roughly 10% holding in the company. Right now, AMD is worth about $350 billion,