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AMD Surges 90% YTD on AI Deals, Hits Fresh Record Highs
27 Oct
Summary
- AMD stock trades near all-time high of $253 on October 27, 2025
- Powered by 90% year-to-date gains driven by AI partnerships
- Wall Street analysts raise price targets to $300+ on AI momentum
On October 27, 2025, AMD's stock is hovering around $253 per share, trading near its all-time high. The chipmaker's stock has seen a remarkable 90% surge in year-to-date gains, powered by a wave of artificial intelligence-related deals.
The rally has been driven by a flurry of high-profile AI partnerships. A major OpenAI chip supply deal on October 6 triggered a 34% single-day jump, while an Oracle Cloud GPU order on October 14 added more momentum. Most recently, news of an IBM quantum computing breakthrough using AMD chips lifted the stock another 7-8% on October 24, pushing it to fresh record highs.
Wall Street analysts are racing to adjust their forecasts upward, with Bank of America raising its 12-month price target to $300 and HSBC following with a target of $310. Dozens of analysts have upgraded AMD to a Buy rating, citing continued AI-driven momentum and strong market positioning. However, a handful of skeptics remain Neutral, setting more conservative price targets around $210 amid concerns of overvaluation and profit-taking.
