AMD Stock Soars on OpenAI & Oracle AI Deals — Could $300 Be Next?
AMD shares jumped 8.6% to $236.91 midday Oct. 15, extending an 80% year-to-date surge after major AI chip deals with OpenAI and Oracle. Jefferies and HSBC raised price targets to $300 and $310. About 60–65% of analysts now rate AMD a Buy. NVIDIA still holds about 94% of the AI GPU market, while Intel is reviving its AI chip push.