AMD Crossed $600, So Does Meta Get 160 Million AMD Shares For Free Now?

Advanced Micro Devices, Inc.'s (NASDAQ:AMD) stock recently climbed above $600, taking the company's market capitalization beyond $1 trillion and crossing a key threshold linked to its warrant agreement with Meta Platforms, Inc. (NASDAQ:META). However, some reports have incorrectly combined the META and OpenAI agreements into a 320-million-share giveaway. Meta and OpenAI each hold warrants for up to 160 million shares. The $600 level is required for Meta's final tranche to vest, but reaching that price alone does not satisfy all the conditions. While some are spooked by the Meta deal, others are still asking whether the stock is a buy after nearly tripling in value.