Truist raised the firm’s price target on AMD (AMD) to $273 from $213 and keeps a Buy rating on the shares. The firm had recently upgraded AMD based on feedback from industry contacts that suggested customers, who had previously viewed AMD as a “price check”, have recently transitioned to viewing AMD as a “real potential partner” in the Datacenter/AI market, and the OpenAI investment provides the sort of datapoint that Truist had been listening for, the analyst tells investors in a research note. Truist adds that it expects AMD’s initial MI450 deployments to OpenAI’s CSPs to begin in the second half of 2026.
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