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Watch These AMD Price Levels as Stock Continues Surging on OpenAI Deal

1. AMD shares hit a 19-month high after a deal with OpenAI. 2. OpenAI plans to purchase several generations of AI chips from AMD. 3. AMD is projected to net over $100 billion in revenue from the deal. 4. Stock has risen 77% this year, surpassing Nvidia's 40% growth. 5. Investors should monitor price levels around $227 and $272 for future movements.

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FAQ

Why Very Bullish?

The multiyear supply agreement indicates strong demand for AMD’s chips, forecasting substantial revenue growth similar to prior partnerships that positively impacted share prices.

How important is it?

The deal with OpenAI presents AMD as a frontrunner in AI chip supply, significantly lifting investor confidence and price expectations.

Why Long Term?

The agreement's duration ensures sustained revenue influx, akin to previous long-term contracts enhancing AMD's valuation over time.

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