The deal goes beyond hardware performance based warrants could give Meta up to a 10% ownership stake in AMD, signaling deep strategic alignment rather than simple supplier dependency.
Combined with Meta’s projected $115 to 135B 2026 capex, this move makes one thing clear: the AI race is no longer about models alone, it’s about owning compute, power, and long term leverage.
The question now isn’t who builds the best AI, it’s who can afford to run it at scale.
