Advanced Micro Devices Inc. stock was trading up by 4.12 percent on Tuesday, August 04, 2026, amid bullish sentiment on strong AI chip demand. A multi-year Anthropic AI infrastructure deal locks in tens of billions in demand for AMD’s MI455X GPUs and Helios systems, with 2027 data center GPU revenue estimates climbing toward $40.6B–$50B. The new Anthropic agreement adds up to 2 gigawatts of Instinct MI450 orders from 2027 and up to $5B of strategic AMD capital into the AI lab. The flagship Advancing AI 2026 event launched Helios rack-scale infrastructure, Instinct MI400 GPUs, ROCm.ai software, and highlighted EPYC 9006 CPUs plus deeper OpenAI and Cerebras partnerships. A wave of Wall Street upgrades pushed AMD price targets sharply higher, with Baird doubling its target to $1,250 and others lifting the mean target to about $552. CEO Lisa Su confirmed EPYC “Venice” server CPUs are in full production with record demand, as every major server OEM and cloud provider prepares Q4 deployments. AMD finished the latest session around the mid-$480s after a two-week swing between roughly $425 and $560. Revenue sits near $34.6B with gross margin above 50%, and profit margins in the low-teens. Free cash flow last quarter was about $2.57B, with operating cash flow close