AMD announced on Tuesday that it landed a multiyear, multigeneration deal with Meta Platforms ( META +0.31%) that could be worth as much as $100 billion. Meta will deploy six gigawatts of custom AMD Instinct MI450 GPUs as part of a major data center build-out.

Nvidia reported earnings on Wednesday afternoon. The company vastly exceeded expectations with its guidance, but not by enough to satisfy investors, as the stock opened lower.

Advanced Micro Devices (AMD) shares pushed aggressively to the upside this morning after Meta Platforms (META) signed a $60 billion artificial intelligence (AI) chip deal with Nvidia’s (NVDA) rival. The post-announcement rally has AMD testing its 20-day moving average (MA) as of this writing,

The market didn't appreciate AMD's latest quarterly results.

AMD and Meta (META) just announced a sweeping, multi-year agreement to deploy six gigawatts of AMD Instinct graphics processing units across Meta's global AI infrastructure. AMD stock jumped 8.8% on the news,

Nvidia reported a blockbuster Q4 and issued encouraging future guidance. Industry peers AMD and Broadcom stock are still slipping this morning. While AVGO shares are worth buying on the dip, AMD may be a different story.

Nutanix’s AMD partnership and $250 million stock investment explained by CEO Ramaswami, along with Broadcom VMware software and cloud market competition.

AMD will invest $150 million in Nutanix stock at a purchase price of $36.26 a share. It will also fund up to $100 million for Nutanix to support joint engineering initiatives and go-to-market collaboration to accelerate the adoption of AMD and the Nutanix AI platform.

Stock Market Today: The Dow Jones index climbs Tuesday after Monday's sell-off. Online marketplace platform operator tumbles.