AMD (AMD) Stock: Drops 6% as Core Scientific Partnership Secures Up to 2.5 GW for AI Expansion

TLDR

• AMD stock fell 6.7% after announcing the Core Scientific AI partnership.

• Core Scientific will provide up to 2.5 GW of AI data center capacity.

• Initial AI infrastructure deployments are scheduled to begin during 2027.

• AMD will receive warrants to purchase Core Scientific common stock.

• The partnership strengthens AMD’s long-term AI infrastructure expansion plans.

Advanced Micro Devices (AMD) shares fell 6.70% to $461.80 after the company announced a long-term AI infrastructure partnership with Core Scientific. The agreement secures access to as much as 2.5 gigawatts of data center capacity for future AI deployments. Meanwhile, the collaboration expands AMD’s computing ecosystem while supporting large-scale AI infrastructure beginning in 2027.

Advanced Micro Devices, Inc., AMD

AMD secures long term AI infrastructure capacity

Core Scientific and AMD signed a strategic agreement covering up to 2.5 gigawatts of AI-ready data center capacity. The companies plan to begin making more than 500 megawatts available during 2027. Furthermore, the agreement allows future expansion as demand for AI computing continues to increase.

… Continue reading the full article at the original source below.