AMD shares jumped as Anthropic’s agreement boosted the stock price; Q2 revenue is expected to be $11.2 billion

AMD-3.29%
NVDA-0.83%
INTC-7.90%
Key Takeaways
  • AMD committed to invest up to $5 billion in Anthropic, with stock rising 5.3% to $521.95.
  • AMD Q2 revenue guidance midpoint is $1.12 billion with expected 46% year-over-year growth.
  • AMD Q2 financial results will be released on August 4, 2026 after U.S. market close.

AMD (NASDAQ: AMD) stock’s weekly close as of July 24 was $521.95, up 5.3% this week. AMD has committed to invest up to $5 billion in Anthropic. AMD’s Q2 earnings report will be released after the close on Aug. 4 (U.S. market). The median expected Q2 revenue is $11.2 billion.

Semiconductor stock performance comparison this week: AMD’s weekly gain of 5.3% beats the broader market

Based on the closing data as of July 24, 2026, the performance of major semiconductor and tech stocks this week is as follows:

AMD (NASDAQ: AMD): $521.95, +5.3% this week

NVIDIA (NASDAQ: NVDA): $206.84, +2.0% this week

Intel (NASDAQ: INTC): $92.32, -2.9% this week

Nasdaq Index: 24,975.82, -2.1% this week

eMarketer analyst Jacob Bourne said after the news about Anthropic: “Every win deepens AMD’s credibility as the No. 2 vendor behind Nvidia.” (as quoted by Reuters)

AMD’s $5 billion Anthropic investment commitment

According to AMD’s public statement, the key terms of its $5 billion Anthropic investment commitment are as follows: the investment size will be determined based on the progress of deployment targets, not a one-time fixed expenditure. Anthropic plans to use the Helios system based on MI450, with a total installed capacity of 2 gigawatts; the deployment of the first 1 gigawatt systems is expected to begin in the first half of 2027.

The Helios system integrates 72 MI455X accelerators, 18 EPYC processors, networking components, and the ROCm software. AMD said that compared with top-tier competitor systems, the number of inference tokens obtainable per dollar can be increased by up to 30% (based on the company’s internal benchmark tests).

AMD Q2 earnings released on Aug. 4

According to AMD’s Q2 earnings guidance, the median expected Q2 revenue is $11.2 billion (±$0.3 billion), up 46% year over year versus the same period last year. Non-GAAP gross margin is expected to be about 56%. AMD will post its earnings after the close on Aug. 4. Investors will watch whether the conversion speed of large orders into cash exceeds the pace of growth in AMD’s financial debt.

FAQ

What were AMD’s closing price and weekly gain this week?

Based on closing data as of July 24, AMD stock (NASDAQ: AMD) closed at $521.95, up 5.3% this week, while the Nasdaq Index fell 2.1% over the same period.

How much of AMD’s available liquidity is AMD’s $5 billion investment commitment to Anthropic?

Based on data as of March 28, 2026, AMD’s total available liquidity is $12.3 billion. A $5 billion cap equals 40.7% of available liquidity. If the original $4.1 billion data center lease guaranteed risk exposure is included, the potential maximum total reaches $9.1 billion (equivalent to 74% of liquidity).

When will AMD’s Q2 earnings be released, and what are the key expectations?

AMD Q2 earnings will be released after the close on Aug. 4, 2026 (U.S. market). The median expected Q2 revenue is $11.2 billion (±$0.3 billion), up 46% year over year versus the same period last year. Non-GAAP gross margin is expected to be about 56%.

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