Stock Besties · META

Meta Platforms: who it depends on, and who depends on it.

Buys AI compute and chips. META · Nasdaq. 3 sourced relationships in the network, each with its filing or release.

Open Meta Platforms on the mapRun a what-ifCheck shared exposureAll SEC filings

Stock Trade Twins pairs META with rivals by price behavior, a different question from business dependence:

GOOGL / META
Ties

Dependence, both ways

Meta Platforms depends on, or is exposed to

Companies that depend on Meta Platforms

Event exposure

If something happens to Meta Platforms

The companies each kind of event would reach, up to two steps away, along sourced relationships only. This is a map of connections, not a forecast: how much each company would feel is unknown unless a source states it.

What if Meta Platforms spends less?

Companies that sell to it (its suppliers and infrastructure providers), then the companies those sellers buy from.

  • CoreWeave · directly, a source describes it, no figureCoreWeave depends on sales to Meta Platforms.
  • AMD · directly, materiality unknownAMD depends on sales to Meta Platforms.
  • NVIDIA · two steps away, materiality unknownCoreWeave depends on sales to Meta Platforms; then NVIDIA depends on sales to CoreWeave.
  • TSMC · two steps away, materiality unknownAMD depends on sales to Meta Platforms; then TSMC depends on sales to AMD.

What if Meta Platforms raises less money or its value falls?

Its investors, holders and guarantors, plus the companies that sell to it (a company that raises less tends to buy less), then their suppliers.

  • CoreWeave · directly, a source describes it, no figureCoreWeave depends on sales to Meta Platforms.
  • AMD · directly, materiality unknownAMD depends on sales to Meta Platforms.
  • NVIDIA · two steps away, materiality unknownCoreWeave depends on sales to Meta Platforms; then NVIDIA depends on sales to CoreWeave.
  • TSMC · two steps away, materiality unknownAMD depends on sales to Meta Platforms; then TSMC depends on sales to AMD.

What if Meta Platforms cannot deliver?

Companies that buy chips, parts or capacity from it, then their own customers.

No company in this network is connected to Meta Platforms that way.

What if Meta Platforms's shares or stake lose value?

Holders of its shares, warrants or notes and guarantors of its obligations, then their holders.

No company in this network is connected to Meta Platforms that way.

Filings

Meta Platforms’s filings and its partners’

  1. Oct 21, 2026, 20:00 ETMeta Platforms filed a quarterly report (10-Q). Filing on SEC.govConnected:AMDCoreWeave
  2. Oct 21, 2026, 16:03 ETMeta Platforms filed a current report (8-K): material agreement (Item 1.01), results of operations (Item 2.02), other events (Item 8.01). Filing on SEC.govConnected:AMDCoreWeave
  3. Sep 28, 2026, 16:16 ETAMD filed a current report (8-K): unregistered sale of shares (Item 3.02). Filing on SEC.govConnected:OpenAIMeta PlatformsTSMC
  4. Sep 22, 2026, 16:17 ETCoreWeave filed a current report (8-K): material agreement (Item 1.01), unregistered sale of shares (Item 3.02), other events (Item 8.01). Filing on SEC.govConnected:OpenAIMicrosoftMeta PlatformsNVIDIA
  5. Sep 17, 2026, 07:13 ETCoreWeave filed a current report (8-K): Regulation FD disclosure (Item 7.01), other events (Item 8.01). Filing on SEC.govConnected:OpenAIMicrosoftMeta PlatformsNVIDIA
  6. Aug 19, 2026, 16:16 ETAMD filed a current report (8-K): officer or director change (Item 5.02). Filing on SEC.govConnected:OpenAIMeta PlatformsTSMC
  7. Aug 17, 2026, 16:05 ETAMD filed a current report (8-K): material agreement (Item 1.01), new financial obligation (Item 2.03). Filing on SEC.govConnected:OpenAIMeta PlatformsTSMC
  8. Aug 11, 2026, 19:24 ETCoreWeave filed a quarterly report (10-Q). Filing on SEC.govConnected:OpenAIMicrosoftMeta PlatformsNVIDIA
  9. Aug 11, 2026, 16:10 ETCoreWeave filed a current report (8-K): results of operations (Item 2.02). Filing on SEC.govConnected:OpenAIMicrosoftMeta PlatformsNVIDIA
  10. Aug 10, 2026, 16:10 ETCoreWeave filed a current report (8-K): material agreement (Item 1.01), new financial obligation (Item 2.03), Regulation FD disclosure (Item 7.01). Filing on SEC.govConnected:OpenAIMicrosoftMeta PlatformsNVIDIA
  11. Aug 4, 2026, 17:40 ETAMD filed a quarterly report (10-Q). Filing on SEC.govConnected:OpenAIMeta PlatformsTSMC
  12. Aug 4, 2026, 16:16 ETAMD filed a current report (8-K): results of operations (Item 2.02), Regulation FD disclosure (Item 7.01). Filing on SEC.govConnected:OpenAIMeta PlatformsTSMC
  13. Jul 29, 2026, 18:58 ETMeta Platforms filed a quarterly report (10-Q). Filing on SEC.govConnected:AMDCoreWeave
  14. Jul 29, 2026, 16:03 ETMeta Platforms filed a current report (8-K): results of operations (Item 2.02). Filing on SEC.govConnected:AMDCoreWeave
Evidence

Every relationship of Meta Platforms

Meta holds a warrant for up to 160 million AMD sharesMeta Platforms · AMD · Feb 2026
Investment: warrant (unvested equity)ActiveFiled with the SEC

AMD issued Meta the same kind of warrant as OpenAI’s in February 2026, vesting with Meta’s GPU purchases. None had vested by June 27, 2026.

  • Investment exposure: Meta Platforms is exposed to the value or credit of AMD.
  • AMD granted Meta Platforms a warrant on its shares: no cash moves until it is exercised.
First verified evidence
Feb 2026
Latest evidence
Aug 5, 2026
What the sources say

  1. Exercise price $0.01 a share; vesting tied to GPU purchase milestones and AMD stock-price targets.

    “In October 2025 and February 2026, the Company issued warrants to OpenAI OpCo, LLC (OpenAI) and Meta Platforms, Inc. (Meta), each entitling the holder the right to purchase up to 160 million shares of the Company’s common stock at an exercise price of $0.01 per share”
    AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026

  2. No warrant shares had vested by June 27, 2026.

    “As of June 27, 2026, no warrant shares had vested or become exercisable”
    AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026
How much it matters
  • To Meta Platforms: Unknown Unvested; no source states its value to Meta.
  • To AMD: Described, no figure No vested shares and no effect on AMD’s financial statements through June 27, 2026.
    “the warrants had no impact on the Condensed Consolidated Financial Statements for the three and six months ended June 27, 2026”
    AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026
Meta committed up to $21.0 billion to CoreWeaveCoreWeave · Meta Platforms · Sep 2025
InfrastructureCommitted (future delivery)Filed with the SEC

Meta committed up to about $14.2 billion in September 2025, then up to about $21.0 billion under a March 2026 order form, through 2032.

  • Infrastructure dependence: Meta Platforms depends on compute or data-center capacity from CoreWeave.
  • Customer dependence: CoreWeave depends on sales to Meta Platforms.
  • Meta Platforms pays CoreWeave for compute or data-center capacity.
First verified evidence
Sep 2025
Latest evidence
Aug 12, 2026
What the sources say

  1. September 2025: up to about $14.2 billion through December 2031.

    “in September 2025, we entered into an order form under an existing master services agreement pursuant to which Meta Platforms, Inc. ("Meta") initially committed to pay us up to approximately $14.2 billion through December 2031”
    CoreWeave (SEC filing), 10-K, Mar 2, 2026excerpt re-checked Oct 18, 2026

  2. March 2026: up to about $21.0 billion, including capacity through December 20, 2032.

    “in March 2026, we entered into an order form under an existing master services agreement pursuant to which Meta Platforms, Inc. (“Meta”) initially committed to pay us up to approximately $21.0 billion (inclusive of access to new computing capacity through December 20, 2032”
    CoreWeave (SEC filing), 10-Q, Aug 12, 2026excerpt re-checked Oct 18, 2026
How much it matters
  • To CoreWeave: Described, no figure CoreWeave expects Meta to be a significant customer but gives no share.
    “we also expect Meta to be a significant customer in future periods”
    CoreWeave (SEC filing), 10-Q, Aug 12, 2026excerpt re-checked Oct 18, 2026
  • To Meta Platforms: Unknown Meta does not name CoreWeave’s share of its spending.
Meta intends to deploy up to 6 gigawatts of AMD GPUsAMD · Meta Platforms · Feb 2026
SupplierCommitted (future delivery)Filed with the SEC

A multi-year agreement signed in February 2026, the first gigawatt on AMD Instinct MI450.

  • Supplier dependence: Meta Platforms depends on chips or parts from AMD.
  • Customer dependence: AMD depends on sales to Meta Platforms.
  • Meta Platforms pays AMD for chips or parts.
First verified evidence
Feb 2026
Latest evidence
Aug 5, 2026
What the sources say

  1. Each of OpenAI and Meta intends to deploy up to 6 gigawatts of AMD data-center GPUs.

    “under which each customer intends to deploy up to 6 gigawatts of AMD data center GPUs, with the first gigawatt of each deployment powered by our AMD Instinct MI450 series products.”
    AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026
How much it matters
  • To AMD: Unknown No share of revenue is stated.
  • To Meta Platforms: Unknown Not stated.

Catalog BESTIES-v1, reviewed Oct 18, 2026. Paper research only, not investment advice. Method and sources

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