US Stock Market Move | The largest issuance of dollar bonds in history has been completed, and Advanced Micro Devices (AMD.US) rose nearly 4% against the trend.

On Friday, Advanced Micro Devices (AMD.US) rose nearly 4% in early trading, currently quoted at $500.37. In news, AMD has completed the largest dollar bond issuance in its history, raising a total of $4.75 billion. As the artificial intelligence (AI) boom drives rapid growth in global computing demand, AMD is continuously increasing its related investments, and this bond issuance marks the latest instance of tech companies undertaking large-scale financing for AI infrastructure. This financing comes at a time when the company is accelerating its investments in AI. In recent years, the rapid development of generative AI has led to a persistent increase in the demand for data center computing power from large tech firms. AMD is actively expanding its market presence in AI chips and is attempting to further challenge NVIDIA Corporation (NVDA.US) for leadership in the AI accelerator market. Recently, AMD has reached agreements with Anthropic and Microsoft Corporation (MSFT.US) to expand the application scale of its chips. According to analyst forecasts compiled by Bloomberg, driven by factors such as AI demand, AMD's revenue is expected to grow by 47% this year, surpassing $51 billion.