AMD Secures Up to 2.5 GW of Data Center Capacity in Core Scientific Deal
AMD has more than doubled off its 52-week low of $149.22.
Summary
AMD has locked in up to 2.5 gigawatts of data center capacity through a new infrastructure partnership with Core Scientific, with an initial 500 MW coming online in 2027. The deal gives AMD market-priced warrants in Core Scientific, aligning incentives as AI demand strains power and land resources. This follows a string of aggressive capacity moves — a 6 GW Meta deal in May and a 2 GW Anthropic pact last week — underscoring AMD's push to secure the physical footprint needed to challenge Nvidia in the AI data center market. The partnership directly addresses the infrastructure bottleneck that has constrained GPU deployments, giving AMD a credible path to scale its Instinct GPU and EPYC CPU offerings. With customer demand visibility already extended through 2027, this capacity expansion removes a key growth limiter.
At the time of this announcement, AMD was trading at $468.97 on NASDAQ in the Technology sector, with a market capitalization of approximately $807.1B. 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: Dow Jones Newswires.