Overview
- AMD shares rose roughly 76% to 80% in 2025 as investors reacted to confirmed AI momentum and multiyear customer commitments.
- OpenAI plans to deploy 6 gigawatts of Instinct accelerators with the first 1 gigawatt of MI450 targeted for the second half of 2026, while Oracle outlined a 50,000‑MI450 Helios supercluster starting in Q3 2026.
- AMD posted record Q3 2025 revenue of $9.25 billion, with data‑center sales at $4.3 billion and AI products about 21% of total revenue, and it guided Q4 sales to around $9.6 billion at the midpoint.
- ROCm software traction accelerated, with downloads up tenfold year over year by November 2025, signaling progress in lowering adoption friction versus Nvidia’s CUDA ecosystem.
- Wall Street turned broadly bullish with a consensus 12‑month target near $283 implying roughly 32% upside, even as risks persist from Nvidia’s 80%–90% accelerator share, data‑center power limits, export policy, and China exposure, where Lisa Su recently affirmed commitment after meeting the industry minister.