We’ve been pounding the table on Advanced Micro Devices (AMD) for months — and it’s paying off in a big way.
Back in late August, when AMD traded around $167.76, we called attention to a rare setup. At the time, we noted:
“We have another opportunity to jump on AMD weakness. After a brief pullback, AMD caught triple-bottom support and was just starting to pivot higher again. We’d like to see it initially retest $185 a share. Longer term, we’d like to see it test $200.”
Two weeks ago, we highlighted it again — this time at $210.80.
Today, AMD trades near $236.55 — and the rally may not be over yet.
⚙️ AI Partnership Fuels the Next Leg Higher
AMD just announced a long-term partnership with OpenAI that could transform its revenue trajectory.
Under the agreement, AMD will become a key supplier for OpenAI’s AI infrastructure program, deploying 6 gigawatts of Instinct GPUs over the next few years. The first 1-gigawatt deployment begins in late 2026, according to Barron’s.
To put that into perspective — a single nuclear reactor typically produces around one gigawatt of electricity.
AMD expects this partnership to generate billions in annual revenue and more than $100 billion in total chip sales over the coming years.
📈 Analysts Are Turning Even More Bullish
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Barclays raised its price target by $100 to $300, citing the OpenAI deal as “mutually beneficial and a powerful growth driver.”
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Wedbush called the partnership a “major movement in the AI revolution.”
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Piper Sandler increased its target to $240, maintaining an overweight rating, and revealed that OpenAI will receive 160 million AMD stock warrants as performance milestones are achieved.
With the AI boom showing no signs of slowing, AMD continues to position itself as a premier alternative to Nvidia in high-performance computing and AI infrastructure.
💡 Technical Outlook
From a technical perspective, AMD broke through resistance at $185 and $210, confirming a new bullish trend channel.
As long as it holds above $225 support, the next potential upside targets are $250, then $275–$300 in the coming months.
Momentum, volume, and fundamentals are aligning — and traders following Ian Cooper’s analysis have been well ahead of this move.
🧠 About Ian Cooper
Ian Cooper is an experienced trader known for combining technical, fundamental, and news-based analysis to identify high-probability setups. His Premium Options Strategies are designed to help individual traders take advantage of short-term market opportunities with disciplined, risk-defined trades.
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