Bullish
AMD stock hits record $606.98, up 183% this year, amid AI deals and upgrades.
AMD's stock surged 8.4% to a record $606.98, driven by significant AI partnerships and analyst upgrades. OpenAI committed to deploying 6 gigawatts of AMD Instinct GPUs, starting with a 1-gigawatt MI450 rollout in the latter half of 2026. Oracle also ordered 50,000 MI450 accelerators over the same period. Additionally, Raymond James upgraded AMD to a Strong Buy with a $641 target price.
Key points
- OpenAI's 6-gigawatt AMD Instinct GPU deployment.
- Oracle's 50,000 MI450 accelerators order.
- Raymond James upgrades AMD to Strong Buy with $641 target.
Sources
AI-generated from public news sources. Not financial advice.
