Wells Fargo analyst Aaron Rakers raised the firm’s price target on AMD (AMD) to $275 from $185 and keeps an Overweight rating on the shares. Following the OpenAI announcement, the firm is materially increasing its estimates – most notably moving 2027 from $43.75B/$6.88 to $62.98B/$9.75; now modeling 2026 and 2027 DC GPU revenue at $11.95B and $32.0B, respectively.
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