AMD stock has surged approximately 147% since early October 2025. [1] On October 7, 2025, Evercore ISI raised its price target to $240, citing the landmark AMD-OpenAI deal. [1, 4]
Under a multi-year strategic partnership, AMD will supply OpenAI with 6 gigawatts of Instinct GPUs for next-generation AI infrastructure. [2, 3, 5] The agreement positions AMD as a core compute partner for the prominent AI research company. [2, 5]
Deployment is set to begin with MI450 series GPUs in the second half of 2026. [2, 5]