AMD just dropped £2 billion on the table for AI research in the United Kingdom, announced on June 8. The five-year commitment includes partnerships with Imperial College London and Oriole Networks, targeting national AI supercomputing capabilities through systems called Zenith and Sunrise.
The deals powering the rally
Meta has signed a multiyear commitment for up to 6 GW of AMD GPUs. Then there’s OpenAI, which has entered a multibillion-dollar agreement for 6 GW of AMD’s MI450 chips.
Wells Fargo raised its AMD price target to $615, while Bank of America bumped its target to $560. Both upgrades reflect expectations that AI-driven revenue growth will continue accelerating through the rest of 2026.
AMD’s Instinct GPUs and its ROCm software stack are the products at the center of this story, positioned to compete directly with Nvidia’s dominant CUDA ecosystem.
