🟢 Riot Platforms is trading 4.2% up today on AMD AI deal optimism and data center expansion hopes

Riot Platforms is trading 4.2% up at $23.47 in pre-market, rebounding from a 5.6% drop on July 24 amid optimism surrounding AMD’s potential data center expansion at Riot facilities.

• The rally follows news of AMD’s up-to-$5 billion AI deal with Anthropic, leading to expectations that AMD will expand its data center footprint at Riot’s sites.
• Sentiment is further bolstered by a broadly risk-on tone in equity markets and a recovery in cryptocurrency prices.