Overview

• OpenAI agreed to deploy up to 6 gigawatts of AMD GPUs, with warrants for up to 160 million AMD shares tied to performance; the first 1 GW is slated for the second half of 2026.
• Following the announcement, Barclays lifted AMD’s target to $300, TD Cowen to $270, and Bank of America to $250, while TheStreet reports AMD shares jumped about 43% this week.
• Bank of America estimates roughly $17.5 billion in revenue per gigawatt and outlines a path to materially higher long‑term EPS for AMD if the full 6 GW is executed, noting execution and power‑delivery risks.
• Nvidia remains the market leader, posting a record $46.7 billion fiscal Q2 revenue and holding an estimated 92% share of AI data‑center GPUs; Cantor raised its Nvidia target to $300 on sustained demand.
• Wall Street cites multi‑year AI infrastructure spending forecasts ranging from about $2.8 trillion to as much as $4 trillion, with analysts flagging supplier diversification, deployment timelines, and system power constraints as key variables.