AMD Signs Major Data-Center Agreement With Core Scientific
Advanced Micro Devices (AMD) has signed an agreement with data-center provider Core Scientific (CORZ) to secure up to 2.5 gigawatts of U.S.-based infrastructure capacity, supporting the deployment of AMD's AI products such as Instinct GPUs and EPYC processors. The partnership aims to address growing demand for compute power driven by agentic AI systems that require extensive processing resources. AMD will begin utilizing over 500 megawatts in early 2027, with potential expansion toward the full capacity over time. The deal includes joint infrastructure design efforts and grants AMD warrants to purchase Core Scientific stock under certain conditions—a structure similar to previous agreements with other major clients. This partnership aligns with AMD's broader strategy of securing large-scale data-center resources as it competes in the AI chip market, particularly against rivals like Nvidia (NVDA). The agreement is part of a series of infrastructure deals that include partnerships with OpenAI and Meta Platforms. AMD CEO Lisa Su highlighted during an event on July 23 that she expects the AI accelerator market to grow significantly by 2030. This deal could help AMD scale its offerings more effectively, potentially boosting investor confidence in the company's long-term growth prospects.
Topics: AI AMD stock data centers partnership