AMD Stock Price Forecast – AMD Surges 35% to $203.71 After $300 B OpenAI Deal
NASDAQ:AMD Surges 35% as OpenAI Mega-Deal Redefines the AI Hardware Race and Pushes Valuation Toward $1 Trillion
Advanced Micro Devices (NASDAQ:AMD) exploded higher, jumping 23.71% to $203.71 at Monday’s close and briefly touching an intraday high of $226.56, its highest level ever recorded on the Nasdaq. The surge followed confirmation of a historic multi-year partnership with OpenAI, which will deploy 6 gigawatts of AMD’s Instinct MI450 GPUs starting in late 2025. The magnitude of this contract dwarfs previous AI infrastructure deals, as it includes warrants for OpenAI to acquire 160 million AMD shares, representing roughly 10% of the company’s total equity once exercised. At the current market capitalization of $340.7 billion,…
