Wedbush analyst Matt Bryson raised the firm’s price target on AMD (AMD) to $270 from $190 and keeps an Outperform rating on the shares ahead of quarterly results. The firm says that over the last quarter, AMD has provided future certainty around GPU demand announcing new agreements that promise to substantially lift future GPU revenues. Wedbush notes that AMD and Oracle (ORCL) announced an agreement whereby OCI will begin an initial deployment of 50K AMD MI450 in Q3 2026, with that deployment expected to scale further in 2027-plus. This follows the news of an OpenAI and AMD partnership.
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