AMD Shares Rise as $2.5B Anthropic Stake Meets Goldman Call

Advanced Micro Devices shares rose 1.72% to $524.07 at 9:45 a.m. ET on Wednesday, November 11, in regular trading, following an amended IPO filing from Anthropic that revealed a $2.5 billion AMD commitment to its concurrent private placement. The investment was further supported by Goldman Sachs, which named AMD among its top semiconductor picks after calling AI stocks oversold.

According to the filing, AMD has been allocated 33,783,783 shares at the $74 midpoint, representing the third-largest slice behind Google and NVIDIA. Anthropic noted that it runs workloads across AWS Trainium, Google TPUs, NVIDIA GPUs, and AMD GPUs, integrating AMD directly into its large-scale AI compute operations. Goldman Sachs analyst James Schneider described AMD as very attractive for growth, though less compelling on valuation, and cautioned that catalysts for a sustained chip rally could remain limited before the end of the year.

The $2.5 billion commitment accounts for approximately 0.3% of AMD's market capitalization, which sits near $888 billion. Market participants note the primary return will depend on whether Anthropic shifts additional training or inference workloads to Instinct GPUs. GuruFocus assigns AMD a GF Score of 82 out of 100, reflecting strong Momentum and Financial Strength ranks, but flags the shares as significantly overvalued relative to its GF Value of $316.19.

Key facts

• Advanced Micro Devices shares rose 1.72% to $524.07 in regular trading on Wednesday, November 11.
• AMD committed $2.5 billion to Anthropic's concurrent private placement for 33,783,783 shares at the $74 midpoint.
• Goldman Sachs named AMD among its top semiconductor picks after designating artificial intelligence stocks as oversold.
• Anthropic operates workloads across AWS Trainium, Google TPUs, NVIDIA GPUs, and AMD GPUs.