AMD stock hits all-time high, up 34% today why AMD is Surging today and is it a buy?

Advanced Micro Devices (AMD) stock jumped 34% today, hitting an all-time high of $251. Shares soared after announcing major AI deals with OpenAI and Oracle and news of IBM using AMD chips for quantum computing. Q2 revenue reached $7.69B, up 32% YoY, with AI now 21% of total sales. Year-to-date, AMD is up 90%, outperforming most chipmakers. Wall Street consensus: Moderate Buy, average 12-month target $249.92.