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AMD Stock Rally Continues Amid AI Chip Demand Surge

AMD Stock Rally Continues Amid AI Chip Demand Surge

Author:

Global Cryptocurrency

Published:

2025-10-15 21:08:02

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BTCCSquare news:

Advanced Micro Devices shares have surged 80% year-to-date, buoyed by strategic partnerships with OpenAI and Oracle. The chipmaker's MI450 Series racks will power OpenAI's inaugural 1-gigawatt AI deployment by late 2026, while Oracle plans to deploy 50,000 AMD chips across its cloud infrastructure.

Wall Street maintains bullish sentiment, with Wolfe Research elevating its price target to a street-high $300. Bank of America reaffirmed its Buy rating after meetings with AMD executives, citing strong execution on the company's AI roadmap.

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