OpenAI to Deploy 6 Gigawatts of Advanced Micro Devices (AMD) GPUs

Core Insights - Advanced Micro Devices, Inc. (NASDAQ:AMD) has formed a strategic partnership with OpenAI to deploy 6 Gigawatts of AMD GPUs for AI infrastructure [1] - The first deployment of AMD Instinct MI450 GPUs is expected to begin in the second half of 2026 [2] - AMD's stock has increased by over 7.5% following the announcement, prompting analysts to raise their price targets [2] Price Target Adjustments - TD Cowen analyst Joshua Buchalter raised AMD's price target from $195 to $270 while maintaining a Buy rating [3] - Mizuho Securities analyst Vijay Rakesh also raised the price target for AMD, continuing to endorse a Buy rating [3] Company Overview - Advanced Micro Devices, Inc. is an international semiconductor company specializing in high-performance computing, graphics, and visualization technologies [3]