These Stocks Score From AMD's OpenAI Deal, Wall Street Analysts Say

Core Insights - Advanced Micro Devices (AMD) has entered a significant partnership with OpenAI, which is expected to benefit several of its partners in the semiconductor and AI sectors [1][4][8] Company Impact - AMD's agreement with OpenAI involves the purchase of multiple generations of AMD's AI chips, resulting in a 24% increase in AMD's shares and an additional 4% rise the following day [2] - Super Micro Computer (SMCI), Astera Labs (ALAB), Dell Technologies (DELL), and other companies associated with AMD also experienced stock price increases due to this deal [2][8] Analyst Perspectives - J.P. Morgan analysts identified Supermicro, Dell, and Hewlett Packard Enterprise (HPE) as key beneficiaries of the AMD-OpenAI partnership, along with Arista Networks (ANET) and Sanmina (SANM) [3][8] - Citi analysts view the AMD-OpenAI agreement positively for memory chip maker Micron Technology (MU) and Astera Labs, with Astera's stock rising by 10% before a slight pullback [6] Sector Implications - Analysts suggest that the AMD-OpenAI deal signals a positive outlook for the semiconductor sector and the broader AI market, indicating that the demand surge in AI is likely to benefit multiple companies [4][8] - J.P. Morgan anticipates that partnerships will extend beyond semiconductor companies to include hardware and networking firms, which are essential for scaling AI infrastructure [5]