AMD stock rises after Riot Platforms reveals $311 million data-center lease as traders look to Feb. 3 earnings
Riot Platforms signed a 10-year data-center lease and services agreement with AMD, expected to generate $311 million in revenue, with extensions possible up to $1 billion. Riot shares surged 12% after the announcement, while AMD closed up 1.7% at $231.84. Riot will provide up to 200 MW of power at its Texas site, with the first phase set for January. Chip stocks broadly rose Friday; U.S. markets close Monday for the holiday.