A Citi analyst notes that Meta is likely to spend considerably on AMD's AI chips, indicating stronger demand than previously anticipated. This demand could boost AMD's AI chip revenue and shift market share in the AI hardware sector. Citi analyst, Meta, AMD Analysts may adjust price targets for AMD, and investors may watch Meta's AI spending disclosures for confirmation. According to a Citi analyst, Meta is expected to allocate a substantial portion of its AI infrastructure budget to AMD's AI chips. This suggests that AMD may capture more of the AI accelerator market than currently priced in by Wall Street. The development highlights AMD's expanding role in AI hardware and could influence future chip procurement strategies. However, the precise scale of Meta's spending remains unverified by Meta itself.
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