Advanced Micro Devices ( (AMD) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Advanced Micro Devices (AMD) stock surged due to a strategic partnership with OpenAI, where AMD’s GPUs will be utilized to support OpenAI’s AI infrastructure. This collaboration not only bolsters AMD’s standing in the AI sector but also involves a warrant allowing OpenAI to acquire a stake in AMD, indicating robust market confidence in AMD’s growth prospects. As a result, analysts foresee possible upward adjustments in AMD’s stock price targets.
More about Advanced Micro Devices
YTD Price Performance: 36.51%
Average Trading Volume: 53,477,840
Technical Sentiment Signal: Buy
Current Market Cap: $267.2B
For further insights into AMD stock on TipRanks’ Stock Analysis page.
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