Last week, Nvidia (NASDAQ:NVDA) and Meta Platforms (NASDAQ:META) expanded their partnership, with Meta committing to millions of Nvidia GPUs for its AI data centers. The news sent Advanced Micro Devices (NASDAQ:AMD) stock tumbling about 3%, as some analysts speculated it could signal the end of AMD’s viability as a credible challenger to Nvidia’s dominance in the high-stakes AI accelerator market.
Tuesday morning, though, AMD delivered a resounding response by announcing its own blockbuster, multi-year agreement with Meta Platforms. The deal not only counters the narrative of Nvidia’s unchallenged lead but also highlights Meta’s deliberate strategy to diversify its AI compute suppliers amid exploding demand for training and inference capabilities.
This post appeared first on 24/7 Wall St.