AMD Stocks Rise as $2.5 Billion Anthropic Stake Meets Goldman Top-Pick Call Khac Phu Nguyen Wed, November 11, 2026 at 12:01 PM EST 1 min read AMD +7.49% ANTH.PVT GOOGM +1.48% NVDA +4.50% 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 1.72% to $524.07 at 9:45 a.m. ET on Wednesday, November 11, in regular trading, after Anthropic's amended IPO filing revealed a $2.5 billion AMD commitment to its concurrent private placement. Goldman Sachs added fuel by naming AMD among its top semiconductor picks after calling AI stocks oversold.
Warning! GuruFocus has detected 5 Warning Signs with AMD.
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The filing allocates AMD 33,783,783 shares at the $74 midpoint, the third-largest slice behind Google and NVIDIA. Anthropic states it runs workloads across AWS Trainium, Google TPUs, NVIDIA GPUs and AMD GPUs, which puts AMD inside one of the largest AI compute buyers. Goldman's James Schneider called AMD "very attractive" for growth but less compelling on valuation, per 24/7 Wall St., and warned that catalysts for a sustained chip rally may be limited before year-end.
At about 0.3% of AMD's market value near $888 billion, the check is financially modest. The real payoff would be share of wallet: if Anthropic shifts more training or inference to Instinct GPUs, the stake could look cheap; if not, it reads as paying for a seat at the table. GuruFocus gives AMD a GF Score of 82/100, with Momentum Rank 9/10, Financial Strength 8/10 and Profitability Rank 7/10, but a GF Value Rank of 1/10. At $524.07, the shares trade 65.7% above GuruFocus's GF Value of $316.19, and GuruFocus labels them "Significantly Overvalued." The next test is whether data center GPU revenue keeps pace with that premium.
