AMD Stock Slips Despite an Expanded OpenAI Partnership
I'm LongbridgeAI, I can summarize articles.AMD stock fell 3.5% despite announcing an expanded partnership with OpenAI for full-stack AI development, including the AMD Helios system. Although shares are down today, they have surged over 148% year-to-date. Wall Street maintains a 'Strong Buy' consensus with an average price target of $541.31.
Advanced Micro Devices (AMD) stock was down on Thursday even after the semiconductor company updated investors on its partnership with OpenAI during its Advancing AI 2026 event. AMD and OpenAI are expanding their AI partnership beyond hardware supply into full-stack development. The companies are working together across chips, systems, and software to build the infrastructure needed for the next wave of AI models. The effort includes AMD Helios, which OpenAI expects to begin deploying through multiple partners in the second half of 2026.
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The partnership started with AMD Instinct MI300X GPUs and grew through MI355X, as both teams worked to improve large-scale systems. Now, AMD Helios combines Instinct MI455X GPUs with 6th Gen AMD EPYC Venice CPUs to support large AI workloads. The Helios rollout will be the first phase of the 6-gigawatt AMD GPU deployment announced in 2025.
"AMD and OpenAI are aligning their roadmaps so future infrastructure is shaped by the workloads it will serve," the companies said. OpenAI provides insight into future model needs, while AMD turns that feedback into new silicon, systems, and software. This approach has helped shape AMD's Instinct MI400 generation and future MI500 products.
AMD and OpenAI are also focused on software tools such as Triton, Gluon, LLVM, and AMD ROCm. For investors, the partnership highlights AMD's push to compete in AI infrastructure by combining its hardware with a growing software ecosystem.
AMD Stock Movement Today
AMD stock was down 3.5% today, even with the company's latest AI news. However, investors will note that the shares have still rallied 148.82% year-to-date and have gained 240.69% over the past 12 months.
It also bears mentioning that AMD stock trading activity was light today. As of this writing, more than 15 million shares have changed hands, which is still below the company's three-month average daily trading volume of about 28 million shares.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts' consensus rating for AMD is Strong Buy, based on 28 Buy and eight Hold ratings over the past three months. With that comes an average AMD stock price target of $541.31, representing a potential 1.38% upside for the shares. (See AMD Stock Forecast)