QUICK SPARK: AMD Stock Hits Fresh Record High, Up 183% This Year
Benzinga·09/21/2026 15:33:57
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Advanced Micro Devices Inc. (NASDAQ:AMD) hit a fresh all-time high Monday, climbing 8.4% to $606.98 and extending its 2026 advance to roughly 183%.
The catalyst stack is unusually deep.
OpenAI agreed to deploy 6 gigawatts of AMD Instinct GPUs across multiple hardware generations, starting with a 1-gigawatt MI450 rollout in the second half of this year.
Oracle Corp. (NYSE:ORCL) separately committed to 50,000 MI450 accelerators over the same window. Raymond James upgraded the stock 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.
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