AMD Shares Jump 6.5% After Pricing $4.75 Billion Bond for AI Expansion
Updated
Updated · stockstory.org · Aug 14
AMD Shares Jump 6.5% After Pricing $4.75 Billion Bond for AI Expansion
3 articles · Updated · stockstory.org · Aug 14
Summary
AMD closed up 6.5% at $514.13 after pricing a $4.75 billion bond sale, its largest-ever U.S. dollar financing.
The offering gives the chipmaker more flexibility to fund AI and data-center expansion while handling near-term obligations, including $875 million of bonds maturing next month.
The deal follows AMD's Advancing AI event, where management lifted its estimate for the total AI chip market to $1.4 trillion by 2030.
The stock move also extends a broader AI-driven rally: AMD is up 130% this year, though still 11.6% below its June 52-week high of $580.91.