I note that $Meta Platforms, Inc.(META)$ will deploy 6 gigawatts of $Advanced Micro Devices(AMD)$ -based data centre capacity, covering the MI450 accelerator and subsequent generations. The deal is valued at tens of billions of dollars, with reports indicating it could reach up to $60 billion in the medium term. As part of the agreement, $Advanced Micro Devices(AMD)$ is issuing $Meta Platforms, Inc.(META)$ performance-based warrants to acquire 160 million shares of common stock (roughly 10% of the company); these warrants vest in tranches, with final tranches tied to milestones including $Advanced Micro Devices(AMD)$ 's stock price reaching $600.
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