Riot Platforms Lands Major AMD Deal for AI Data Centers
Riot Platforms acquires 200-acre Texas site and signs $311M data center lease with AMD, marking pivot from Bitcoin mining to AI infrastructure with potential $1B revenue.
Riot Platforms acquires 200-acre Texas site and signs $311M data center lease with AMD, marking pivot from Bitcoin mining to AI infrastructure with potential $1B revenue.
KeyBanc upgrades AMD to Overweight with a $270 price target, citing strong momentum in the company's AI accelerators, especially the MI355 and upcoming MI455 chips.
OpenAI is negotiating a $10 billion investment from Amazon to adopt Trainium chips, potentially valuing the AI company above $500 billion in a deal reshaping the AI hardware landscape.
Oracle stock drops 11% after missing revenue targets despite massive AI investments. Cloud sales lag expectations while capital spending jumps to $50B, raising investor concerns about AI profitability timeline.
Beijing plans limited access to Nvidia's H200 AI chips through approval process, prioritizing domestic semiconductor self-sufficiency despite Trump allowing exports with 25% US fee.
A new bipartisan bill would block Nvidia from selling its most advanced AI chips to China for 30 months, aiming to maintain the US lead in artificial intelligence.