Overview
- AMD and OpenAI confirmed a multi‑year plan to deploy 6 gigawatts of Instinct data‑center GPUs, with an initial 1 gigawatt phase using MI450 racks slated to start in the second half of 2026.
- AMD shares reached an intraday record of $264.58 on Oct. 28 and are up roughly 100% year to date as analysts reaffirm Buy ratings and lift targets, including Rosenblatt at $250, UBS at $265, and Mizuho at $275.
- The MI355X on CDNA 4 targets lower inference costs with higher token throughput, Oracle is building a cluster using over 130,000 of the chips, and CEO Lisa Su says forthcoming MI400 Helios racks could deliver about 10x MI350‑class performance.
- The Nov. 4 report is expected to update revenue guidance and AI GPU ramps, with some firms projecting Q3 results near the top of AMD’s $8.4–$9.0 billion outlook and modeling stronger Q4 on MI355X shipments, which remains an external estimate.
- Nvidia retains the leading share of AI data‑center GPUs and just crossed roughly $5 trillion in market value, while AMD’s prior $800 million MI308 export‑control charge highlights ongoing execution and regulatory risk.