AMD Stock Skyrockets on AI Mega-Deal – Latest Price, Q3 Earnings Preview & Expert Analysis
AMD shares surged 35% in October after announcing a multi-year AI GPU supply deal with OpenAI, which may take a 10% stake in the chipmaker. The stock traded near $256 on Nov. 3, up over 110% year-to-date. AMD reports Q3 earnings Nov. 4, with analysts expecting $8.76 billion in revenue and $1.17 EPS. Wall Street remains bullish, but some warn AMD’s valuation leaves little margin for error.