Bernstein: AMD Buys Its Ticket on the OpenAI Rocket Ship
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the AI Stocks Making Moves on Wall Street. On October 20, Bernstein SocGen Group reiterated its Market Perform rating on the stock with a $200 price target. The rating affirmation follows AMD’s strategic move with OpenAI, where it will supply billions of dollars’ worth of GPUs to the ChatGPT owner. The firm has acknowledged how AMD’s move to give up 10% equity “for the privilege of selling to Sam Altman” was unexpected, but the decision seems understanda ...