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Changes in US stocks | Completed the largest US dollar bond issuance in history, American Ultra Micro Company (AMD.US) bucked the trend and rose nearly 4%
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The Zhitong Finance App learned that on Friday, American Ultra Micro (AMD.US) bucked the trend and rose nearly 4% in early trading and is now reporting $500.37. According to the news, US Ultra Micro completed the largest US dollar bond issuance in the company's history, raising a total of 4.75 billion US dollars. As the artificial intelligence (AI) boom drives rapid growth in global demand for computing power, AMD is continuing to expand related investment, and this bond issuance has also become the latest case of large-scale financing for AI infrastructure by technology companies.

AMD's current financing comes at a time when the company is speeding up the expansion of AI-related investments. Generative AI has developed rapidly in recent years, and large technology companies' demand for data center computing power continues to rise. AMD is also actively expanding the market coverage of AI chips and trying to further challenge Nvidia (NVDA.US)'s leading position in the AI accelerator market.

Recently, AMD has successively reached agreements with Anthropic and Microsoft (MSFT.US) to expand the scale of application of its chips. According to analyst forecasts compiled by Bloomberg, AMD's revenue is expected to grow 47% this year, surpassing 51 billion US dollars, driven by factors such as AI demand.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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