AMD Shares Rise About 5% as Helios Systems Undergo Testing at Meta

Advanced Micro Devices (AMD) shares rose about 5% Tuesday after the company disclosed that initial Helios rackscale systems had been installed at Meta and were being tested. AMD also announced plans to invest $1 billion in Meta’s equity offering. It did not disclose when it would make the investment or provide its terms. AMD EPYC processors support the computing environment used for Meta’s Muse AI agent. Meta also has AMD Instinct GPUs deployed in its production infrastructure.

Source: TokenPost