AMD Stock Skyrockets on AI Mega-Deals & Quantum Breakthrough – Is $300 Next?
AMD stock hit a record high near $253 after a 7.6% jump, doubling year-to-date on AI momentum and major deals with OpenAI and Oracle. The company projects over $100 billion in new revenue over four years, compared to $25 billion in 2024 sales. Analysts have raised price targets to as high as $310. Technical indicators show AMD shares in overbought territory, with support seen at $230–$240.