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Abstract data-art showing two large blocks of capacity, one roughly three times the size of the other, with a smaller block bridging them, representing AMD's $5 billion investment tied to Anthropic's 2 GW deployment plan

AMD's $5B Anthropic bet is the new AI infra playbook

AMD will invest up to $5 billion in Anthropic for up to 2 GW of MI450 capacity. Chipmakers are now buying equity in their own customers.

Lars Cornelissen · Jul 23, 2026