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Advanced Micro Devices (NASDAQ: AMD) has struck a significant deal with OpenAI, aiming to provide billions of MI450 GPUs tailored for AI workloads. This partnership enhances AMD’s standing in the competitive AI GPU market, which is experiencing a demand that exceeds supply by a margin of ten to one, according to analysts at Wedbush.
The impact of this deal is projected to be dramatic, potentially doubling AMD’s revenue outlook for fiscal 2026. Jefferies analysts estimate this agreement could unlock up to $100 billion in revenue over four years, while other firms like Piper Sandler agree that it will drive AMD’s growth beyond historical benchmarks. Following the announcement, AMD’s stock surged over 30% and could rise further, targeting prices as high as $360 by mid-2026.
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