AMD stock heads into Tuesday with a fresh $1 billion data-center deal in focus
Advanced Micro Devices will grab attention when U.S. markets open Tuesday, Jan. 20, following Riot Platforms’ announcement of a 10-year data-center lease and services deal with the chipmaker at its Rockdale, Texas facility. Riot pegged the initial deployment at 25 megawatts of “critical IT load” — essentially server power — and noted options to ramp leased capacity up to 200 MW, pushing the contract’s value close to $1 billion. “Advancing high-performance computing and AI requires partners that can match our pace and scale,” AMD Chief Information Officer Hasmukh Ranjan said.
