News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>Jefferies Upgrades AMD (AMD.US) to Buy w/ TP US$300, Expects OpenAI to Change AI Narrative
After AMD (AMD.US) announced a partnership with OpenAI, Jefferies released a research report deciding to upgrade AMD from Hold to Buy, and elevating its target price from US$170 to...
Reset
Send
The window will close in 5 seconds
<Research>Jefferies Upgrades AMD (AMD.US) to Buy w/ TP US$300, Expects OpenAI to Change AI Narrative
Close
Recommend
4
Positive
6
Negative
8
 
SHORT SELL
 
STOCK INFO

After AMD (AMD.US)      announced a partnership with OpenAI, Jefferies released a research report deciding to upgrade AMD from Hold to Buy, and elevating its target price from US$170 to US$300, based on a 32x EPS for FY2027.

On Monday (6th), AMD announced an agreement to provide 6 GW of power for OpenAI's next-generation AI infrastructure using multiple generations of AMD GPUs, Jefferies noted.

Related NewsEIA Crude Oil Stocks Change for Oct/03 in United States is 3.715M, higher than the previous value of 1.792M. The forecast was 2.25M.
This collaboration has the potential to generate over US$100 billion from OAI, new customers and existing clients over the next 4 years.

OpenAI has been making substantial expenditures, signing deals with Nvidia (NVDA.US)      , Oracle (ORCL.US)      and Hynix (HXSCF.US)      /Samsung, the broker added. Although these deals are non-binding, they highlight OpenAI's enormous demand for AI computing.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

AASTOCKS Financial News
Website: www.aastocks.com
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.