OpenAI to Deploy 6GW of AMD Instinct GPUs; Oracle Commits to 50K MI450s
AMD has more than doubled off its 52-week low of $154.78.
Summary
AMD hit a fresh all-time high, up 8.4% to $606.98, extending its 2026 gain to 183%. The move is driven by two major AI infrastructure commitments: OpenAI will deploy 6 gigawatts of AMD Instinct GPUs across multiple hardware generations, starting with a 1-gigawatt MI450 rollout in H2 2026, and Oracle committed to 50,000 MI450 accelerators over the same window. Raymond James upgraded AMD to Strong Buy with a $641 target. Management calls the OpenAI arrangement immediately accretive, with a path to tens of billions in annual AI data center revenue from 2027. This follows AMD's record Q2 revenue of $11.5B and the recent $1 trillion market cap milestone. The scale of these commitments validates AMD's competitive position against Nvidia in AI accelerators.
At the time of this announcement, AMD was trading at $610.81 on NASDAQ in the Technology sector, with a market capitalization of approximately $997.1B. The 52-week trading range was $154.78 to $615.99. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Benzinga.