AMD Stock: $560.26 After 5.45% Jump on Meta Helios Deal…
By Tobi Opeyemi Amure
AI summary of the source article
AMD shares rose 5.45% to $560.26 after announcing its Helios rack-scale systems are in testing at Meta. The chipmaker also committed to investing $1 billion into Meta's equity offering.
Why it matters
Meta's raise "funds data-centre spending that AMD and Nvidia both want a share of, and both suppliers are now shareholders."
Key facts
- AMD stock closed at $560.26 on 27 October, gaining 5.45% with trading volume of 20.6 million shares.
- Initial Helios rack-scale systems are installed and undergoing testing at Meta, with broader deployment expected soon.
- AMD committed to investing $1 billion in Meta's planned equity offering of up to $95 billion.
Source excerpt · FinanceFeeds
Updated 28 October 2026. AMD closed at $560.26 on Tuesday 27 October, up $28.98 or 5.45 percent, its best session of the chip rally, after saying its Helios rack-scale systems are installed and in testing at Meta and that it will put $1 billion into Meta's equity offering (AMD; Gotrade, citing Yahoo Finance and Nasdaq.com). Verdict: the Meta news turned a rebound into a breakout above last week's…