Chipmaker Advanced Micro Devices (AMD) has entered a major partnership with Saudi Arabia’s AI company Humain by announcing a $10 billion investment deal to expand AI infrastructure in the region. Over the next five years, the two companies plan to build and deploy 500 megawatts of AI compute capacity in Saudi Arabia. This initiative is designed to position the country as a central hub for artificial intelligence and support a broader global push toward high-performance, accessible AI platforms.
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AMD CEO Lisa Su described the agreement as a significant milestone in the company’s efforts to advance global AI capabilities. Indeed, she emphasized that this platform will offer industry-leading performance and reach, and reinforce AMD’s role as a top player in AI hardware. Humain CEO Tareq Amin added that the project is about democratizing access to AI technology and allowing innovators around the world to tap into advanced compute power without being limited by infrastructure.
Unsurprisingly, the announcement helped push AMD shares higher during Tuesday’s trading session and shows just how enthusiastic investors are about the deal. Humain, which was recently launched as part of Saudi Arabia’s push to lead in AI innovation, has been actively securing partnerships with major U.S. tech firms. In fact, earlier the same day, the company announced a separate $5 billion collaboration with Amazon Web Services (AMZN) and a separate deal with Nvidia (NVDA). This further highlights how serious Saudi Arabia is about becoming a global leader in AI and digital transformation.
Is AMD a Buy, Sell, or Hold?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on AMD stock based on 23 Buys, nine Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average AMD price target of $125.07 per share implies 11.3% upside potential.
