AMD Backs Anthropic with $5B, Ramps Helios AI Racks; Analysts Lift Targets
AMD has more than doubled off its 52-week low of $149.22.
Summary
AMD is deepening its AI push with a $5 billion backing of Anthropic, expanding on the previously announced 2 GW Helios capacity deal. The partnership includes optimizing ROCm for Claude, with early tests showing performance gains versus CUDA. Helios AI racks using MI450 GPUs are now ramping, with initial deliveries this quarter and multi-gigawatt customer commitments. Analysts responded by raising price targets to $625 and $700, citing AI-driven growth. Separately, AMD joined a $1.1 billion funding round for River AI, an Open AI Stack developer. This follows AMD's record Q2 and the initial Anthropic deal in July, signaling aggressive execution in the AI infrastructure market.
At the time of this announcement, AMD was trading at $475.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $774.3B. The 52-week trading range was $149.22 to $584.73. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.