Advanced Micro Devices Stocks Rise 2.66% on $2.5 Billion Anthropic Stake Commitment Khac Phu Nguyen Tue, November 10, 2026 at 12:31 PM EST 1 min read AMD -0.36% ANTH.PVT GOOGM -0.44% NVDA -6.39% OPAI.PVT Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Advanced Micro Devices (NASDAQ:AMD) shares rose 2.66% to $522.12 as of 9:53 a.m. ET in regular trading on November 10, after Anthropic's amended IPO filing listed AMD as a $2.5 billion buyer in its private placement. Only Google and Nvidia, at $10 billion each, committed more.
Warning! GuruFocus has detected 5 Warning Signs with AMD.
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The deal lands on a strong Monday. Oppenheimer upgraded AMD to Outperform from Perform with a $600 target, calling its data center success "undeniable." The firm models data center revenue growing 135% in 2027, to about 85% of company sales. That assumes roughly 3 gigawatts of deployments in 2027 and 4 gigawatts in 2028. It expects Anthropic to ramp late in the first quarter of 2027, after OpenAI and Meta.
The $600 target sits 14.92% above today's price. The valuation picture is stretched, though. GuruFocus scores AMD at 82/100, with Financial Strength 8/10, Profitability 7/10 and Momentum 9/10, but GF Value Rank just 1/10. The shares trade 65.72% above the $315.07 GF Value, a "Significantly Overvalued" call at a P/E of 110.54. Momentum is carrying the story, so the next test is whether Anthropic's GPU ramp shows up on schedule in early-2027 orders.
