Needham Sees AMD-Anthropic Deal Increasing Likelihood of More Leases for Riot Platforms
Investment bank Needham has upgraded the outlook on Riot Platforms (NASDAQ: RIOT) following a new deal between AMD and Anthropic, where Anthropic will use up to 2 gigawatts of AI chips from AMD. The partnership could lead to more infrastructure leases at Riot's data centers.
Topics: AI infrastructure AMD Anthropic data centers Riot Platforms