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Barclays Raises AMD (AMD) Price Target to $300, Citing OpenAI Partnership Upside

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the AI Stocks In The Spotlight For Investors. On October 6, Barclays raised its price target on the stock to 300from300 from 200 while maintaining an Overweight rating. The rating follows AMD’s partnership with OpenAI, which it believes is “designed to be mutually beneficial to OpenAI and AMD, and more pointedly drive the stock higher.” The firm’s analysis reveals how the partnership deal includes a structured warrant agreement issued at one-gigawatt interva ...