Overview
- Shares rose roughly 76%–80% in 2025, capping a breakout year that repositioned AMD from CPU turnaround to AI infrastructure contender.
- Analysts remain broadly positive with recent targets ranging from about $201 to $380 and a consensus near $283, citing rack‑scale plans and data‑center growth ambitions.
- OpenAI selected AMD to deploy about 6 gigawatts of Instinct accelerators with the first 1 gigawatt of MI450 expected in the second half of 2026, and Oracle plans a public AI supercluster using 50,000 MI450 GPUs starting in Q3 2026.
- AMD reported record Q3 2025 revenue of $9.25 billion with data center sales of $4.3 billion and guided Q4 revenue to about $9.6 billion at the midpoint.
- Execution risks remain material as Nvidia still holds an estimated 80%–90% share of AI accelerators, though AMD points to improving software traction with ROCm downloads up roughly tenfold year over year and to a 2026 rollout of MI450 and Helios rack‑scale systems.