AI Compute Deals

AMD AI compute deals

AMD is party to 6 deals in the ledger, the seller or provider in all 6. The 2 with a stated price add up to $30B in headline value. Stated capacity: 15.5 GW. Counterparties: Anthropic, Meta, HUMAIN, Oracle, OpenAI.

Verified 9 Nov 2026. Sums count each row’s headline figure as stated, cancelled deals excluded. Open in the full ledger

  1. Anthropic–AMD: up to 2 GW of MI450 Helios racks; AMD invests up to $5B

    Sells to Anthropic

    Anthropic expects to spend more than $20 billion on the initial committed tranche (S-1/A); the agreement allows a similar amount again. No fixed dollar commitment. AMD investment up to $5B.

    $20B1 2 GW signed

  2. Meta–AMD 6 GW GPU deal with 160M-share warrant

    Sells to Meta

    Not disclosed. WSJ reported over $100 billion. AMD's 8-K binds only the initial 1 GW; 6 GW is what full warrant vesting requires. Warrant for 160 million shares expires Feb 2031; last tranche tied to a $600 AMD share price.

    n/d 6 GW signed

  3. AMD, Cisco and HUMAIN joint venture (up to 1 GW by 2030)

    Sells to HUMAIN

    No value or equity split disclosed. Phase 1 is 100 MW. In Aug 2026 the JV said MI355X systems were live and planned a 250 MW MI400-series phase from 2027.

    n/d 1 GW expanded

  4. Oracle–AMD 50,000 MI450 GPU supercluster

    Sells to Oracle

    Financial terms not disclosed.

    n/d announced

  5. OpenAI–AMD 6 GW GPU deal with 160M-share warrant

    Sells to OpenAI

    Not disclosed. AMD said it expects tens of billions of dollars in revenue. Warrant: up to 160 million AMD shares (~10% of AMD); last tranche tied to a $600 AMD share price.

    n/d 6 GW signed

  6. AMD–HUMAIN $10B collaboration (500 MW over five years)

    Sells to HUMAIN

    'Up to' $10 billion invested jointly by AMD and HUMAIN; not a purchase price.

    $10B1 0.5 GW expanded