AMD Stock: HSBC Sets Street-High $310 Price Target Following Major AI Deals

TLDR HSBC analyst Frank Lee raised AMD’s price target to a Street-high $310 from $185, implying nearly 30% upside potential The upgrade follows AMD’s partnership with OpenAI and plans to deploy 50,000 AI chips in Oracle’s data centers Lee estimates the OpenAI deal could generate approximately $80 billion in revenue by 2030 AMD’s new MI450 [...]

The post AMD Stock: HSBC Sets Street-High $310 Price Target Following Major AI Deals appeared first on Blockonomi.