AMD’s AI-Fueled Stock Surge: Record Highs, $300 Targets & What’s Next
Record Rally Fueled by AI Deal Frenzy AMD’s stock went on a historic tear in October, propelled by excitement over its new AI partnerships. The rally kicked off Oct. 6 when AMD revealed its OpenAI deal – the stock skyrocketed ~34% in a single day ts2.tech, its biggest one-day jump in nearly a decade, adding about $80 billion to AMD’s market cap. Just days later, on Oct. 14, AMD got another bump (+3%) after Oracle announced plans to use AMD’s chips. These gains were especially striking because they occurred despite some broader market headwinds (e.g. interest rate and geopolitical worries) –