On October 24, 2025, AMD stock traded at $240.64 in pre-market, up +2.40% from the previous close, following the announcement of a landmark strategic partnership with OpenAI. Under the agreement, OpenAI will deploy up to 6 gigawatts of AMD GPUs, with AMD issuing OpenAI a warrant for up to 160 million shares tied to deployment milestones and share price targets. The partnership is projected to generate tens of billions in revenue for AMD and is expected to be highly accretive to earnings. Analyst sentiment remains bullish, with strong buy ratings and a $250 price target, further supported by recent product leaks and robust AI revenue growth. The news was released by AMD in an official press release, and a company teleconference is scheduled for this morning to discuss the announcement.