InstantWhyThe deal
Core Scientific shares rose 5% after Yahoo Finance reported that AMD has expanded its AI infrastructure partnership with the company to $14 billion, with an option to scale capacity to 2.5 gigawatts. The deal builds on a 500-megawatt partnership the companies announced in July. Neither AMD nor Core Scientific has independently confirmed the expansion.
Why it matters
AMD shares fell 5.51% to close at 429.56, suggesting investors see the deal as capital-intensive or dilutive to near-term margins even as it secures long-term hosting capacity. The scale of the commitment—potentially five times the original deal—reflects the scramble among chip makers to lock down power and cooling capacity as AI training demands outpace available infrastructure.
Deal context
Core Scientific reported in late July that second-quarter revenue had doubled, driven by capacity leasing to chip makers including the initial AMD partnership. When that 500-megawatt deal was announced on July 28, AMD shares fell 5% despite the partnership being described as one of the largest in the sector. The company has repositioned its former Bitcoin mining sites as AI data centers, capitalizing on existing power infrastructure and grid connections that new-build facilities take years to secure.
What has to happen next
The reported option to reach 2.5 gigawatts would require significant capital investment in power delivery and cooling systems. Investors will watch for official confirmation from either company and details on the timeline, financing structure, and whether the capacity is reserved exclusively for AMD or shared with other customers. Core Scientific's ability to deliver on the expanded scale will depend on permitting, utility upgrades, and equipment procurement in a supply-constrained market.
- ✓Detected and written at 2026-07-30 00:54
- ✓First reported by Yahoo Finance
- ✓Written from public facts in our own words — never a copy
- ✓Published as fast as possible; our team holds editorial responsibility
Sources
- Yahoo Finance — Headlines: https://finance.yahoo.com/technology/ai/articles/core-scientific-rises-5-amd-131157916.html
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