Advanced Micro Devices, Inc. (AMD), Cisco, and HUMAIN team up to build Saudi Arabia’s AI powerhouse with a joint venture launching in 2026. The first phase includes a 100 MW AI buildout using AMD’s Instinct MI450 GPUs. The long-term goal is to deliver 1 GW of AI infrastructure by 2030.

The partnership aims to offer scalable AI capacity to support government and private-sector needs while boosting Saudi Arabia’s digital economy. Analysts like Stacy Rasgon have a Hold rating on AMD with a $200 price target. AMD is on track to hit $100 billion in revenue in five years due to strong demand for data center chips.

AMD has a multiyear deal with OpenAI expected to bring in billions in annual revenue. CEO Lisa Su is optimistic about the company’s growth potential, with expectations of reaching $20 earnings per share in the next three to five years. Su sees the AI wave driving growth, with a focus on data center and networking chips.

Read more at Yahoo Finance: Advanced Micro Devices, Inc. (AMD), Cisco, and HUMAIN Team Up to Build Saudi Arabia’s Next AI Powerhouse