AMD's stock price increased following the announcement of a strategic partnership with OpenAI. The agreement involves OpenAI deploying 6 gigawatts of AMD GPUs and acquiring up to 160 million shares, equating to 10% of AMD's total shares. This development has spurred investor interest, contributing to AMD's stock surge this week, despite ongoing U.S. tariff concerns.
Year-to-date, AMD's stock has risen over 96%, benefiting from the AI and semiconductor sector's growth. Analysts from AZ and Rosenblatt have set a $250 price target for AMD, while Goldman Sachs described the deal as a 'major positive' but retained a 'neutral' rating due to potential financing risks and customer concentration in AMD's GPU data center business. OpenAI's partnerships have previously led to stock boosts for companies like NVDA and AMD.
AMD Stock Climbs on OpenAI Partnership and GPU Deployment
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