“`markdown
**Meta Platforms Secures 10% Stake in AMD**
Meta Platforms (NASDAQ: META) has acquired a stake of up to 10% in Advanced Micro Devices (NASDAQ: AMD) as part of a strategic agreement involving the purchase of 6 gigawatts of AMD’s graphics processing units (GPUs). The deal allows Meta to become a lead customer for AMD’s sixth-generation EPYC central processing units (CPUs). In exchange, Meta will receive warrants for up to 160 million shares in AMD, contingent on GPU shipments and stock performance.
This partnership comes at a crucial time as Meta plans to invest between $115 billion and $135 billion in capital expenditures this year, emphasizing its commitment to artificial intelligence (AI) technologies. By securing CPU resources from both AMD and Nvidia, Meta aims to diversify its supply chain and mitigate potential CPU bottlenecks that could arise in the burgeoning AI sector.
“`
