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AMD Secures AI Boost with OpenAI Deal, Analysts Raise Price Targets

AMD Secures AI Boost with OpenAI Deal, Analysts Raise Price Targets

Author:

Global Cryptocurrency

Published:

2025-10-12 15:07:02

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BTCCSquare news:

Advanced Micro Devices (AMD) shares surged as Wall Street analysts, including TD Cowen's Joshua Buchalter, lifted price targets following a landmark partnership with OpenAI. Buchalter's target jumped to $270 from $195, citing the deal as a validation of AMD's AI growth narrative. The stock has climbed 78% year-to-date.

OpenAI will deploy 6 gigawatts of AMD's Instinct GPUs over multiple years, with a warrant for up to 160 million AMD shares—potentially granting a 10% stake. The collaboration underscores the insatiable demand for AI compute, with Buchalter noting the deal's scale exceeded expectations despite prior hints from OpenAI CEO Sam Altman's appearance at an AMD event.

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