Advanced Micro Devices (AMD) is expanding its presence in the AI and data center markets through partnerships with industry leaders like OpenAI, Cohere, IBM, Google, and more. Their collaborations are driving enterprise adoption of AI technologies and strengthening AMD’s competitive position against NVIDIA.

AMD’s partnership with OpenAI will deploy 6 gigawatts of AMD Instinct GPUs for AI infrastructure, boosting their presence in HPC data centers. The company also collaborates with Cohere, IBM, and others to accelerate AI innovation and incorporate Cohere’s AI products into their portfolio.

Despite tough competition from NVIDIA and Broadcom in the Data Center space, AMD’s stock has performed well, with a 79.1% increase year-to-date. However, the stock is considered overvalued, with a forward 12-month price/sales of 9.21X and a Value Score of D.

Analysts expect AMD’s third-quarter 2025 earnings to grow by 26.09% year-over-year, with a Zacks Rank #3 (Hold). The company’s continued focus on AI technologies and partnerships positions it well for future growth in the semiconductor market, which is projected to reach $971 billion by 2028.

Read more at Nasdaq: AMD Leverages Partner Base to Aid Data Center Growth: What’s Ahead?