Reported 1 day ago
HSBC analyst Frank Lee has raised Advanced Micro Devices, Inc. (AMD) price target to $310 from $185, citing significant revenue potential from AMD's recent deal with OpenAI. The agreement includes deploying six gigawatts of AMD GPUs, with the first 1 gigawatt of MI450 GPUs set to launch in late 2026. Analysts foresee AMD's AI GPU revenue reaching $19.8 billion in 2026, significantly up from earlier estimates, indicating substantial growth driven by the partnership.
Source: YAHOO