AMD, OpenAI and Advanced Micro
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We recently published 10 Stocks Investors Are Gobbling Up. Advanced Micro Devices Inc. (NASDAQ:AMD) is one of the top performers on Monday. Advanced Micro propelled to a new all-time high on Monday, as investors cheered a chip supply deal with OpenAI,
The partnership could also see OpenAI take a roughly 10% stake in AMD, which employs about 3,700 people in Austin.
AMD stock jumps 35% following announcement of major deal to supply 6 gigawatts of computing power through graphics processing units for OpenAI.
Its recent deal with OpenAI adds weight to the view that AMD stock could still double in value. But this isn’t about taking share from NVIDIA—analysts at Wedbush estimate demand is outstripping supply by ten to one,
The standing of Advanced Micro Devices among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
Advanced Micro Devices (AMD) deal with OpenAI (OPENAI) to provide up to 6GW of artificial intelligence infrastructure has the potential to provide extended benefits to AMD and several other companies as well,
OpenAI plans to deploy 6 gigawatts worth of AMD Instinct graphics processing units, or GPUs, over the course of the partnership. The first 1 gigawatt deployment will begin in the second half of 2026, the companies said.
A pivot from videogames to data centers—and a new deal with OpenAI—has the chip designer on the road to a $1 trillion valuation.
Advanced Micro Devices surges 30% on OpenAI news, but weak margins and tough competition signal overvaluation. Learn more about AMD stock here.
Shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) spiked on Monday after the company announced that it is forming a partnership with OpenAI. Many investors believe this will be a great fit. At last check, the stock price was $211.92, up over 28.69% .
It’s likely the first of many — analysts at Jefferies upgraded Advanced Micro Devices to a buy, after the chipmaker’s stock surged on a pact with ChatGPT maker OpenAI.
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