TLDR
- AMD stock rose ~1% in Friday premarket after announcing a $5 billion bond offering to fund AI expansion
- The bond sale is AMD’s largest ever, surpassing the $1.5 billion raise in March 2025
- AMD expects server revenue to grow more than 80% in H2 2026 and at least 70% in 2027
- OpenAI, Meta, and Anthropic have committed to 1 gigawatt each of AMD capacity
- AMD’s Helios AI racks are set to begin shipping in September with a revenue ramp expected in Q4
Advanced Micro Devices (AMD) stock climbed around 1% in Friday premarket trading, sitting at $485.50, after the company revealed plans to raise up to $5 billion through a bond offering tied to its AI and data-center buildout.
Advanced Micro Devices, Inc., AMD
The planned raise is a four-part investment-grade bond offering with maturities ranging from three to 10 years. The final size will depend on investor demand. Proceeds may be used for general corporate purposes, including debt repayment.
This would be AMD’s largest ever dollar bond sale. The previous high-grade offering raised $1.5 billion in March 2025.
Nasdaq futures were up 0.27% and S&P 500 futures gained 0.10% at the time of AMD’s premarket move. July CPI came in at 3.4%, with cooler inflation data adding to positive investor sentiment.
AMD’s stock had already delivered a strong quarterly earnings report recently, beating revenue and earnings expectations. However, the stock pulled back after the results, partly attributed to Elon Musk publicly endorsing Nvidia chips for SpaceX operations.
AI Growth Targets
At its Technology Leadership Forum 2026, AMD laid out aggressive growth targets. The company expects server revenue to grow more than 80% in the second half of 2026 and at least 70% in 2027.
AMD’s broader data-center business, which includes AI, is expected to grow well above 100% next year.
The company estimates the server CPU market will reach $220 billion by 2030. AMD is targeting more than 50% revenue share of that market.
Management expects agentic computing to represent roughly two-thirds of that opportunity. Agentic AI relies more heavily on CPU power, an area where AMD holds a strong position alongside its GPU business.
AMD’s early 2027 server revenue outlook is already around 20% larger than the entire server market was in 2025.
Helios Racks and Customer Commitments
AMD plans to begin shipping components for its Helios AI racks in September. A revenue ramp is expected in Q4, followed by another increase in Q1.
OpenAI and Meta have each committed to 1 gigawatt of AMD capacity. Anthropic has committed to 1 gigawatt with an ambition to scale to 2 gigawatts.
AMD also expects deployments through Microsoft Azure, Oracle Cloud Infrastructure, and other cloud providers.
Wall Street analysts remain broadly bullish on AMD. The company’s Helios chips are widely anticipated to drive returns in Q4, with management claiming they can outperform Nvidia’s current offerings.
AMD stock closed up just 0.02% on August 13, 2026, before gaining a further 0.43% in premarket hours on August 14.
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