AMD Stock Surges on AI Innovations and Enterprise Partnerships
Advanced Micro Devices (AMD) shares are rallying, with analysts projecting a climb to $275 by month's end. The bullish momentum follows the release of its Adrenalin 26.1.1 driver, which includes an AI bundle simplifying setup for systems using Ryzen CPUs and Radeon GPUs. The update propelled the stock 2% higher on Thursday.
Enterprise partnerships are further fueling optimism. Collaborations with Tata Consultancy Services, HPE, Oracle, and tech giants like Microsoft and Google position AMD for dominance in data centers and AI solutions. The Venice EPYC processor, built on TSMC's 2nm technology, is expected to drive market-share gains.