Advanced Micro Devices (AMD) and Core Scientific announced a major partnership on July 28, 2026, aimed at expanding the infrastructure for AI solutions. Under the agreement, AMD will gain access to more than 500 megawatts of data center capacity starting in 2027, with the potential to scale up to 2.5 gigawatts. The collaboration will focus on the design and deployment of systems using AMD's Instinct GPUs, EPYC CPUs, and ROCm software. [1, 2]
The deal is a strategic move for AMD to support the rapidly growing demand for artificial intelligence and high-performance computing. As part of the agreement, AMD will also receive warrants to purchase Core Scientific common stock. [2, 4] In premarket trading following the announcement, AMD shares saw a decline of 4.7%, while Core Scientific's stock surged by 11.2%. [1]