US Stock Market Move | Reached a $60 billion AI chip purchase agreement with Meta, American company AMD (AMD.US) surged more than 10% before the market opened.

On Tuesday, American microprocessor company AMD surged more than 10% in pre-market trading, reaching $216.43. On the news front, global social media giant Meta Platforms announced a strategic partnership agreement with semiconductor giant AMD, marking a significant milestone in the industry. According to the official plans disclosed by both parties, Meta has committed to purchasing up to $60 billion worth of AI chips and related data center hardware from AMD over the next five years, aiming to build a solid computing power foundation for its expanding artificial intelligence empire. This move signifies Meta's transition from a simple hardware buyer to a strategic partner deeply involved in the supply chain, bringing AMD the largest single order in history and officially kicking off the transition of the AI chip market from "monopoly" to "duopoly."