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Chip giant Advanced Micro Devices (AMD) has gained 160.5% this year as investors have rewarded its AI ambitions, particularly in its CPUs and accelerators. A notable factor in this rise has been analysts' faith in the chipmaker, which commands a “Strong Buy” rating. In fact, AMD was among the chip stocks that added $2 trillion in combined value during the second quarter. One major focal point in AMD’s growth story has been its partnership with Meta Platforms (META) and OpenAI, where the company locked in twin 6-gigawatt GPU supply deals.
