Wells Fargo keeps an Overweight rating on AMD (AMD) with a $205 price target after the company announced that Oracle Cloud Infrastructure (ORCL) would be deploying the MI300X GPUs to power its newest Oracle Cloud Infrastructure Compute Supercluster instance. The firm sees the news as an “incremental positive.” AMD’s press release specifically highlights the MI300X GPUs as well positioned for inference capabilities, a theme the company will emphasize at its upcoming artificial intelligence event on October 10, the analyst tells investors in a research note.
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