AMD Stock’s AI-Powered Rally Hits New Highs – $300 Target in Sight?
AMD shares traded near $255 at the end of October, doubling year-to-date and pushing market value to about $380–400 billion. The stock surged after a major OpenAI GPU deal and IBM quantum computing news. Q2 revenue rose 32% to $7.69 billion, with Q3 guidance at $8.7 billion. Most analysts rate AMD a Buy, with price targets in the mid-$200s to $310.