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AMD’s OpenAI Partnership Fuels Bullish Sentiment, Analysts See $300 Target
AMD’s OpenAI Partnership Fuels Bullish Sentiment, Analysts See $300 Target
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Advanced Micro Devices (AMD) has surged 35% following its landmark deal with OpenAI, which includes a commitment to purchase 6 GW of AMD’s next-generation MI450 GPUs. The partnership, valued in the billions, has prompted analysts to raise 2027 Data Center revenue projections by over 23%. OpenAI’s warrants for up to 10% of AMD further align incentives, ensuring optimization for AI models.
Despite AMD’s rapid ascent from $80 to $250 per share, the stock remains undervalued based on forward earnings, with a PEG ratio of 1.48—17.5% below the sector median. The AI accelerator market, projected to exceed $400 billion by 2027, positions AMD for sustained growth. The rally reflects a fundamental re-rating rather than speculative froth.
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