AMD shares jump over 10% in pre-market trading on deal with Meta

The shares of Advanced Micro Devices (AMD) jumped more than 10% in pre-market trading on Tuesday after Meta announced a multi-year AI infrastructure agreement. As of 8:10 am Eastern Standard Time (EST), AMD futures were trading nearly 10% higher at $215.30. AMD has also agreed to give Meta warrants to buy up to 16 crore shares.