AMD Stock Soars on AI Partnerships – Is $300 Next?
AMD closed at $250.05 on Nov. 4, down 3.7% after Q3 results. Q3 revenue hit a record $9.2 billion, up 36% year-on-year, with data center sales up 22%. The company took an $800 million charge due to U.S. export curbs on China GPU sales. AMD announced a major GPU supply deal with OpenAI in October.