AMD Inventory Simply Hit a New All-Time Excessive. Choices Information Tells Us It May Be Headed Right here Subsequent.

Superior Micro Gadgets (AMD) shares prolonged positive factors to print an all-time excessive of about $253 on Friday as traders continued to flock into the chipmaker forward of its earnings on Nov. 4.

Analysts presently count on the semiconductor behemoth to earn $0.97 on a per-share foundation in its fiscal Q3, up sharply from $0.76 in the identical quarter final yr.

On the time of writing, AMD inventory is up nicely over 200% versus its year-to-date low in early April.

The current surge in AMD shares is primarily attributed to 2 transformative synthetic intelligence (AI) partnerships.

1. A groundbreaking cope with OpenAI for six gigawatts of computing capability.

2. A strategic settlement with Oracle Cloud for deployment of about 50,000 next-gen MI450 Intuition GPUs beginning within the third quarter of 2026.

Traders typically responded positively to the corporate’s revenue-sharing settlement with the U.S. authorities in August as nicely, because it basically cleared the trail for it to renew enterprise in considered one of its key markets, China.

AMD’s elementary efficiency strongly helps the rally, with Q2 income hitting $7.69 billion, up 32% year-over-year, with expectations for the third-quarter income to return in at a a lot increased $8.7 billion.

Barchart’s choices information for AMD inventory additionally help the upside case. Contracts expiring mid-January 2026 presently have the higher certain pegged at about $298.

Within the close to time period, the implied buying and selling vary by the tip of October is roughly $237 to $265, indicating potential for an additional 5.63% return by subsequent Friday.

Briefly, the mix of strategic AI partnerships, robust monetary efficiency, and increasing market share suggests AMD shares are well-positioned for continued development.

In the meantime, on a price-sales (P/S) foundation, they’re buying and selling at a steep low cost to Nvidia (NVDA) as nicely.

Wall Road analysts proceed to see important additional room for AMD shares to the upside.

The consensus ranking on AMD inventory stays at “Sturdy Purchase” with value targets going as excessive as $310, indicating potential for an additional 24% positive factors from right here.