Advanced Micro Devices' NASDAQ: AMD stock price outlook, long tied to a forecast of GPU market-share gains, was affirmed by OpenAI and accelerated by Oracle NYSE: ORCL. Oracle plans to deploy 50,000 Advanced Micro Devices' MI450 line of AI accelerators in the third quarter of 2026.
Anyone hoping that the artificial intelligence boom might be losing momentum will find little comfort in Wedbush's latest dispatch from Asia. Analyst Dan Ives and his team returned from a supply chain tour across Taiwan and the region, brimming with optimism and a few raised eyebrows at just how hot demand has become.
Advanced Micro Devices, Inc. shares have run up following deals with OpenAI and Oracle. The company is finally overcoming fears of AI market saturation. Despite the price increase, I think AMD stock offers an attractive long-term value proposition.
Major U.S. equities indexes climbed Wednesday afternoon in the wake of strong bank earnings and indications of more Federal Reserve rate cuts ahead. The S&P 500, Nasdaq, and Dow were all higher.
Chip stocks are hot.
Wedbush analysts believe Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD) has provided future certainty around graphics processing unit (GPU) demand following newly announced agreements that promise to substantially lift the company's future GPU revenues. In a note to clients on Wednesday, the analysts raised their target price on AMD to $270 per share from $190, while reiterating their ‘Outperform' rating on the stock, based on the company's likely revenue path over the next few years.
The technology sector continues to show strength, driven by accelerating AI adoption, capital inflows, and renewed investor confidence. Several stocks are emerging with bullish chart patterns and active catalysts, pointing to the potential for triple-digit gains in the near term.
AMD expands its AI and data center dominance through major partnerships, including a multi-year OpenAI deal to deploy Instinct GPUs.
United States Representative Cleo Fields made a series of timely stock purchases in Oracle (NYSE: ORCL) and Advanced Micro Devices (NASDAQ: AMD) ahead of a major artificial intelligence partnership between the two tech giants.
AMD just announced an extension of its relationship with Oracle. Plus, an analyst upgraded the stock and implied Wall Street's profit expectations aren't high enough.
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AMD is set to deploy 50,000 AI chips in Oracle data centers in the second half of 2026. It follows AMD's recent mega chip deal with OpenAI, with both partnerships a boost against rival Nvidia.