Moody's Ratings raised Advanced Micro Devices, Inc.'s (AMD) senior unsecured ratings to A1 from A2 on October 11, 2025, with the outlook changed to stable from positive. The upgrade comes in light of AMD's partnership with OpenAI, which is expected to provide a significant boost to AMD's revenue and earnings through increased demand for its data center GPUs. The agreement involves OpenAI utilizing multiple generations of AMD's GPUs, which could generate over $90 billion in revenue for AMD from the latter half of 2026 through October 2030. Moody's views this partnership as a strong positive for AMD's credit profile, as it solidifies the company's position in the data center GPU market. Projections indicate that AMD's revenue could nearly double to over $60 billion in 2027 from $30 billion in the twelve months ending in June 2025. The A1 rating also takes into account AMD's diversified revenues from its client and data center CPU segments and its high-margin Embedded FPGA business.
Moody's Upgrades AMD's Credit Rating to A1 Following OpenAI Partnership
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