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MarketBeat
MarketBeat
Thomas Hughes

Advanced Micro Devices Eyes $300 as AI Demand Surges

Advanced Micro Devices AMD OpenAI Nasdaq Nvidia Oracle MarketBeat

Advanced Micro Devices' (NASDAQ: AMD) stock price outlook, long tied to a forecast of GPU market-share gains, was affirmed by OpenAI and accelerated by Oracle (NYSE: ORCL). Oracle plans to deploy 50,000 Advanced Micro Devices' MI450 line of AI accelerators in the third quarter of 2026.

While a drop in the bucket compared to OpenAI’s plans, Oracle will likely expand its plans, build more AMD-powered data centers, and drive demand for this business. 

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