Anthropic’s IPO filing puts AMD on the proposed buyer list for about $2.5 billion in Class N shares, connecting the planned purchase to the chipmaker’s earlier investment pledge.
The stock would be included in a $26 billion private placement slated to close alongside Anthropic’s IPO. The roughly $2.5 billion amount sits within AMD’s July pledge to invest up to $5 billion in Anthropic, rather than increasing that ceiling.
Oppenheimer upgraded AMD from Perform to Outperform and set a $600 price target before Monday, when the shares advanced more than 13%. AMD began Wednesday trading at $515.21, up 1.3%.
AMD’s July arrangement also covers chip supply. AMD said Anthropic plans to use Instinct MI450 Series GPUs in Helios rack-scale systems, with planned capacity of up to two gigawatts. AMD expects deployment of the initial gigawatt to start in the first half of 2027. EconoTimes previously covered AMD’s GPU plans with Anthropic.
