AMD Discloses $565 Million SpaceX Stake in 13F Despite Musk's Nvidia-Exclusive AI Pledge

3-line summary

• AMD's second-quarter 13F filing revealed a stake of roughly 3.3 million SpaceX shares worth more than $565 million, following SpaceX's blockbuster June IPO, according to a 24/7 Wall St. report via Yahoo Finance.
• The disclosure comes despite Elon Musk saying two months before the IPO that SpaceX's AI infrastructure would be built exclusively on Nvidia chips; SpaceX priced 555.6 million Class A shares at $135 apiece in its June 12 IPO, raising roughly $75 billion.
• AMD posted record quarterly revenue of $11.5 billion, up 50% year over year, with data-center revenue up 107%; the SpaceX stake is a small fraction of AMD's $846 billion market capitalization.

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