AMD

AMDpublic
chipsUSamd.com$505.74

Backers

1 on file
ARK Invest

What they say they do

read Sep 9, 2026

Your Trusted Partner for Advancing AI

AMD delivers leadership high-performance and adaptive computing solutions to advance data center AI, AI PCs, intelligent edge devices, gaming, & beyond.

amd.com

Thesis

MI300X/MI355X gaining traction; clearest #2 GPU narrative. Personal position.

Risk: Chip cycles cut both ways: today’s allocation scarcity becomes tomorrow’s inventory glut if AI capex digests faster than expected.

Contracts as provider

2 disclosures · 7.00 GW
FiledCustomerKindSiteMWGPUsTermTotalStatusSource
Feb 24, 2026MetaEquipment purchase—6.00 GW———Amendedverified8-K
excerpt
Under the arrangement, the parties entered into an amendment to that certain Master Purchase Agreement dated May 23, 2023 (the “Agreement”) and concurrent with the Warrant issuance, Meta agreed to a binding commitment under the Agreement to purchase (directly or through its affiliates, or indirectly through authorized third parties (“Authorized Purchasers”)) the initial one (1) gigawatt equivalent of certain AMD Instinct GPU products. ... AMD and Meta today announced a 6-gigawatt agreement to power Meta’s next generation of AI infrastructure across multiple generations of AMD Instinct GPUs.
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Oct 6, 2025OpenAIEquipment purchase—1.00 GW———Amendedverified8-K
excerpt
Concurrent with signing, Warrantholder agreed to a binding commitment to purchase (directly or through its affiliates or Authorized Purchasers) the initial one (1) gigawatt of AMD Instinct MI450 Series GPU products. ... agreement to power OpenAI's next-generation AI infrastructure across multiple generations of AMD Instinct GPUs. ... Our partnership with OpenAI is expected to deliver tens of billions of dollars in revenue for AMD while accelerating OpenAI's AI
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Concentration over time

2 filing dates
As ofContractsValueTop customerTop share
Oct 6, 202511.00 GWOpenAI100%
Feb 24, 202627.00 GWMeta86%

Contracts as customer

2 disclosures · 25 MW · $311.00M
FiledProviderKindSiteMWGPUsTermTotalStatusSource
Jul 28, 2026Core Scientific, Inc.Colocation leasePecos, TX——15 yr—Amendedverified8-K
excerpt · extension terms
On July 27, 2026, the Company entered into Lease Agreements (collectively, the “AMD Leases”) with Advanced Micro Devices, Inc. (“AMD”) for an aggregate of 377 MW of critical IT capacity at the Company’s Pecos, TX; Muskogee, OK; and Hunt County, TX sites; and Lease Agreements (the “Neocloud Leases,” and collectively with the AMD Leases, the “Leases”) with a Neocloud (“Neocloud”), for 152 MW of critical IT capacity at the Company’s Auburn, AL and Dalton Phase 3, GA sites. Each of the Leases is for a fifteen year term with three five-year options.

Extension: Three five-year options

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Jan 16, 2026Riot Platforms, Inc.Power supplyRockdale Site25 MW—10 yr$311.00MAmendedverified8-K
excerpt · extension terms
Riot has entered into the Data Center Lease and Services Agreement with Advanced Micro Devices, Inc. (AMD) to deliver 25 MW of critical IT load capacity at the Rockdale Site. The Data Center Lease carries an initial term of 10 years and is expected to generate approximately $311.0 million in contract revenue.

Extension: Three five-year extension options; if fully exercised, contract revenue would be approximately $1.0 billion.

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Signals

30 most recent
Apr 15, 2025FilingAMD 8-K — Other event8-K