NASDAQ:AMD Sees Price Target Set to $358 by Evercore ISI Amid Meta Platforms Deal

Group 1 - AMD's stock price target has been set at $358 by Evercore ISI, indicating a potential increase of approximately 66.92% from its current price of $214.48 [1][6] - A significant factor for this optimism is AMD's recent $100 billion deal with Meta Platforms, which involves deploying six gigawatts of custom AMD Instinct MI450 GPUs for data center expansion [2][6] - The partnership with Meta includes warrants for Meta to purchase up to 160 million shares of AMD, representing about 10% of the company, highlighting AMD's strategy to compete with Nvidia in the data center GPU market [3][6] Group 2 - Following the announcement of the Meta deal, AMD's shares increased by over 7%, reaching approximately $213.36, with trading fluctuations between a low of $206.51 and a high of $216.70 [4] - Over the past year, AMD's stock has experienced significant volatility, ranging from a high of $267.08 to a low of $76.48 [4] - AMD's CEO, Lisa Su, emphasized the strategic importance of the partnership with Meta, reinforcing the company's focus on AI and its capabilities in chips and software [5]