AMD stock price dips in premarket as Meta mega-deal meets dilution questions and a fresh Nutanix tie-up

NEW YORK, Feb 26, 2026, 08:41 EST — Premarket

• AMD slipped roughly 1.3% ahead of the bell, pulling back after a two-day rally fueled by AI momentum.
• Meta’s supply agreement—this one comes bundled with warrants—has investors doing the math. And over at Nutanix, a fresh $150 million gets deployed, pegged directly to “agentic AI.”
• Traders have their eyes on Nvidia’s earnings read-through, plus Friday’s U.S. producer-price data.

Advanced Micro Devices slid 1.3% before the bell to $208.15. On Wednesday, AMD wrapped up at $210.86, a drop of 1.7%. (MarketWatch)

Investors are showing less patience for AI plays fueled by hype and distant payoffs. U.S. stock index futures barely budged early Thursday, despite Nvidia’s blowout quarter. Raffi Boyadjian, lead market analyst at Trading Point, noted that “tangible results” from AI monetization are now the bar for further gains in the sector. (Reuters)

AMD is pushing deeper into long-term customer commitments, moving past the standard single chip cycle. The company announced a new multi-year, multi-generation deal with Meta that could see up to 6 gigawatts of AMD Instinct GPUs deployed. First deliveries are targeted for the back half of 2026 and will incorporate a custom MI450-based GPU, EPYC “Venice” CPUs, and AMD’s Helios rack-scale system. Mark Zuckerberg at Meta described the move as a way to “diversify our compute.” AMD CEO Lisa Su, for her part, said the partnership…