大行评级丨大摩：上调AMD目标价至246美元 维持“与大市同步”评级

Core Insights - AMD has announced a partnership with OpenAI, acquiring up to 10% stake in the company, which will lead to a long-term collaboration on AI chips [1] - The partnership aims to deploy 6GW of AI computing capacity over the next few years, with an investment exceeding $100 billion [1] - The first phase of the deployment, involving 1GW, is expected to start in the second half of next year, utilizing AMD Instinct MI450 GPUs [1] - Morgan Stanley anticipates that the OpenAI investment will enhance AMD's ecosystem development, although AMD must demonstrate competitive returns compared to NVIDIA [1] - The rating for AMD remains "in line with the market," with the target price raised from $168 to $246 [1]