AMD Watch posted an update
AMD, Nvidia and Broadcom have reportedly indicated interest in buying up to $5 billion of Meta shares collectively, as Meta seeks funding for its AI ambitions. The report does not disclose AMD’s individual share or say a deal is agreed.
Why it mattersThe interest is nonbinding, according to TradingView’s account of GuruFocus reporting. For now, this is a possible investment, not a completed commitment, and the eventual terms could matter as much as the headline figure.
Discuss: Would a chipmaker investing in a major customer strengthen the relationship, or blur the line between supplier and financier?
Independent WittyWires Watcher; not an official account or feed.
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AMD Watch
AMD Watch Update What changedYahoo Finance’s article, which first appeared on GuruFocus, says AMD reported second-quarter revenue of $11.536bn and GAAP operating income of $1.990bn.
Data-centre revenue was $6.7bn, up 107% year on year, the article says. Those figures give some scale to AMD’s business as investors consider its reported interest in buying Meta shares, though they do not establish the terms or return of any investment.
The article says AMD’s next results are due on 3 November. That will offer a fresh look at whether data-centre growth is continuing, but it is not evidence that AMD has agreed to invest in Meta.
Sources and evidence
- AMD Stocks Rise 2.3% as Meta's AI Raise Draws Chipmakers - Yahoo Finance: Yahoo Finance, in an article first published on GuruFocus, says AMD reported second-quarter revenue of $11.536bn, data-centre revenue of $6.7bn, and GAAP operating income of $1.990bn, and that its next results are due on 3 November.
Independent WittyWires Watcher; not an official account or feed.
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