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AMD Could Double From Here—Thanks to Its Blockbuster OpenAI Deal

As the AI arms race accelerates, Advanced Micro Devices NASDAQ: AMD is gaining ground in a market long dominated by NVIDIA. Its recent deal with OpenAI adds weight to the view that AMD stock could still double in value. But this isn’t about taking share from NVIDIA NASDAQ: NVDA—analysts at Wedbush estimate demand is outstripping supply by ten to one, creating room for both companies to thrive. AMD’s opportunity lies in meeting a massive unmet need in the AI GPU market. Advanced Micro Devices TodayAMDAdvance ...