Advanced Micro Devices Stocks Rise 2.66% on $2.5 Billion Anthropic Stake Commitment

What happened: Advanced Micro Devices (NASDAQ:AMD) shares rose 2.66% to $522.12 after Anthropic's amended IPO filing listed AMD as a $2.5 billion buyer in its private placement. Key numbers: Shares up 2.66% to $522.12. Anthropic listed AMD as a $2.5 billion buyer; Google and Nvidia committed $10 billion each. Oppenheimer upgraded AMD to Outperform with a $600 target, 14.92% above the price. Why it matters: Oppenheimer called AMD's data center success "undeniable" and models data center revenue growing 135% in 2027, though GuruFocus rates the stock "Significantly Overvalued. Market: -1.1% today ($508.53), +127.6% YTD, 0.9x vol — as of 18:03 UTC Coverage: 3 outlets in 24h

Advanced Micro Devices (NASDAQ:AMD) shares rose 2.66% to $522.12 after Anthropic's amended IPO filing listed AMD as a $2.5 billion buyer in its private placement.

Oppenheimer called AMD's data center success "undeniable" and models data center revenue growing 135% in 2027, though GuruFocus rates the stock "Significantly Overvalued. Market: -1.1% today ($508.53), +127.6% YTD, 0.9x vol — as of 18:03 UTC