AMD has issued a performance-based warrant to Meta Platforms, Inc. for up to 160 million shares of common stock at a $0.01 exercise price, tied to Meta's purchase of AMD Instinct GPU products. The warrant vests in tranches as Meta reaches procurement milestones of up to 6 gigawatts of GPU capacity and is further contingent on AMD's stock price hitting specific thresholds, including $600 per share. This strategic arrangement secures massive, scale-driven demand for AMD's AI hardware while directly aligning Meta's purchasing behavior with AMD's long-term equity performance.
