Overview
- AMD and OpenAI announced a multi‑year plan to deploy six gigawatts of AMD data‑center GPUs by 2030, with an initial one‑gigawatt phase using Instinct MI450 set to start in the second half of 2026.
- Press coverage pegs the agreement’s potential value in the roughly $90 billion to $100 billion range, reflecting the scale of OpenAI’s planned AI compute buildout.
- Analysts have reiterated Buy ratings and raised targets ahead of earnings, including UBS at $265, Mizuho at $275, and Rosenblatt at $250, citing momentum in data‑center GPUs.
- UBS expects Q3 revenue to land near the high end of AMD’s $8.4 billion to $9.0 billion outlook, models about $1.7 billion from data‑center GPUs, and sees a possible Q4 guide as high as $9.5 billion.
- AMD highlights its MI355X (CDNA4) and upcoming MI400 series with Helios racks, touts efficiency gains and potential performance leaps, while some commentary flags warrant issuance of 160 million shares as a dilution risk.