AMD Stock Just Got a New Street-High Price Target. Should You Buy AMD Stock Now?
Advanced Micro Devices (AMD) recently announced a huge deal with OpenAI, which could mean that the ChatGPT-maker gets a 10% stake in the chipmaker. Through this partnership, OpenAI would also deploy six gigawatts of AMD’s Instinct GPUs over several years. The deployments are set to start late next year. The bullish investor sentiments surrounding this partnership have led AMD stock to surge. Analysts at HSBC raised AMD’s price target from 310, while keeping a “Buy” rating on the sha ...