Bullish
AMD's stock hits record $606.98, up 8.4%, after OpenAI and Oracle deals.
AMD's stock surged 8.4% to a record $606.98, driven by significant AI-related partnerships. OpenAI agreed to deploy 6 gigawatts of AMD Instinct GPUs, starting with a 1-gigawatt MI450 rollout in the second half of this year. Oracle committed to 50,000 MI450 accelerators over the same period. These developments underscore AMD's growing influence in the AI and data center sectors.
Key points
- OpenAI's 6-gigawatt deployment of AMD Instinct GPUs, initiating with a 1-gigawatt MI450 rollout.
- Oracle's commitment to 50,000 MI450 accelerators over the next year.
- Raymond James upgrades AMD to Strong Buy with a $641 price target.
- AMD's stock reaches a record high, up 183% this year.
Sources
- AMD Stock Hits Fresh Record High, Up 183% This YearMarketDash News · September 21, 2026
- AMD stock rises 1.65 percent as AI chip optimism and strong Q2 2026 growth support valuationAD HOC NEWS · September 17, 2026
- AMD stock slips despite strong Q2 2026 growth and AI momentumAD HOC NEWS · September 3, 2026
AI-generated from public news sources. Not financial advice.
