On August 4, Advanced Micro Devices rose 3.09% in pre-market trading, trading at $499.65/share, with turnover of $23.76 million.

On the news front, semiconductor research firm SemiAnalysis disclosed that AMD reached performance-based warrant agreements with Meta and OpenAI from late last year through early this year. The warrants will vest in tranches based on the two companies procuring and deploying up to 6GW of AMD Instinct GPUs, contingent on AMD shares surpassing tiered price targets up to $600.

According to SemiAnalysis estimates, as AMD shares rose from approximately $200 at the start of the year to the current $500-600 range, Meta and OpenAI's GPU capital costs have declined from approximately $2.15/hour and $2.50/hour to roughly $1.60/hour and $1.75/hour, respectively. Should AMD shares reach $600-700, GPU capital costs would approach zero for both companies. Additionally, the company is scheduled to report Q2 earnings after market close today, with consensus estimates projecting revenue of approximately $11.3 billion and EPS of $1.61.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)