AMD Stock Rises as Company Plans $5 Billion Bond Sale for AI Expansion

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.

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