Quick Read – Microsoft Azure joins OpenAI and Meta on AMD’s AI customer roster, backing our BUY rating and $564.64 price target implying 12% upside. – NVIDIA’s Rubin platform and Broadcom’s ASIC advantages threaten AMD’s hyperscaler share, amplifying risk from its stretched 164x…
ailing P/E. – The AI infrastructure story at Advanced Micro Devices (NASDAQ:AMD) keeps compounding. After landing a landmark 6 gigawatt OpenAI deployment last fall and a 6 GW Meta partnership earlier this year, AMD added Microsoft to the marquee
On July 20, 2026, the companies announced that Microsoft Azure will deploy the AMD Helios Rackscale Solution with Instinct MI455 GPUs, Venice CPUs, and Pensando DPUs for AI inference. The customer list rivals NVIDIA’s (NASDAQ:NVDA). Our 24/7 Wall St. price target for AMD is $564.64, implying 12.13% upside from the current $503.57 quote.
We rate the stock a buy with a 90% confidence level. 24/7 Wall St. Price Target Summary The Microsoft Announcement Sits on Top of a Cooling Chart AMD has risen 135.14% year to date and 220.77% over the trailing year. Shares are 8% below the $584.73 52-week high.