AMD Stock Price Forecast – AMD Soars to $232 After $100B OpenAI Chip Deal Sparks AI Boom
NASDAQ:AMD Surges Above $232 After Landmark 6-GW OpenAI Deal Ignites $100B AI Revenue Path
AMD’s Strategic Leap into AI Infrastructure
Advanced Micro Devices (NASDAQ:AMD) has reignited investor enthusiasm after unveiling a 6-gigawatt (GW) AI chip supply partnership with OpenAI, a deal that CEO Lisa Su described as “transformative for AMD’s long-term data center ambitions.” The stock jumped over 6.5% to $232.65, reaching within striking distance of its 52-week high of $240.10, as traders revalued AMD’s role in the fast-expanding AI hardware ecosystem.
This partnership comes as AMD battles NVIDIA’s (NASDAQ:NVDA) entrenched dominance in GPU computing. The agreement gives OpenAI warrants representing roughly 10% of AMD’s…
