AMD agrees to invest up to $5 billion in Anthropic Class N stock alongside GPU deal

The chipmaker's equity commitment of up to $5 billion is tied to deploying up to 2 gigawatts of its Instinct MI450 GPUs AMD has agreed to buy Anthropic Class N stock. The chipmaker isn’t just selling the AI lab its hardware. It is buying a piece of the company too. The equity purchase is part of a broader deal the two companies announced on July 22, 2026. AMD has committed to invest up to $5 billion in Anthropic, paid out as deployment milestones are hit. The money is tied to Anthropic putting AMD’s chips to work at a very large scale. The hardware side is big. Anthropic plans to deploy up to 2 gigawatts of AMD’s Instinct MI450 Series GPUs, housed in AMD’s Helios rack-scale systems.

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