Reported 15 days ago
Advanced Micro Devices, Inc. (AMD) has entered a strategic partnership with OpenAI, which will see OpenAI deploying 6 gigawatts of AMD GPUs. Despite this positive development, Goldman Sachs has maintained a Neutral rating and a price target of $210 for AMD, citing potential funding risks and high customer concentration in AMD's GPU data center business. The partnership is expected to bolster AMD's revenue and earnings.
Source: YAHOO