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AMD’s AI Expansion with OpenAI Spurs Analyst Confidence
AMD’s AI Expansion with OpenAI Spurs Analyst Confidence
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BTCCSquare news:
Bank of America Securities reaffirmed its bullish stance on Advanced Micro Devices, maintaining a $250 price target following an investor call with CFO Jean Hu and VP Matthew Ramsay. The discussion highlighted AMD's deepening collaboration with OpenAI, particularly around its 1-gigawatt AI deployment slated for late 2026 using MI450 Series racks.
The deal, valued at $15–20 billion per gigawatt, positions AMD as a key hardware supplier for OpenAI's infrastructure. Analyst Vivek Arya noted potential expansion as networking components are added, with direct deliveries to cloud providers creating avenues for future projects. The partnership's six-gigawatt target before 2030 underscores long-term growth potential.
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