Advanced Micro Devices Inc. (AMD) PT Raised to $358 Following Massive 6-Gigawatt AI Partnership With Meta

Core Viewpoint - Advanced Micro Devices Inc. (NASDAQ:AMD) is currently viewed as a strong investment opportunity due to its partnerships and growth in AI demand, particularly in the GPU market [1][2][4]. Group 1: Analyst Ratings and Price Targets - Evercore ISI raised its price target for AMD to $358 from $328, maintaining an Outperform rating, reflecting increased estimates due to a new partnership with Meta [1]. - Baird analyst Tristan Gerra reiterated an Outperform rating with a $300 price target, highlighting robust AI demand and GPU momentum as key growth drivers [2]. Group 2: Market Developments and Product Strength - Baird noted continued strength in AI GPU demand, with the resumption of Mi308 sales and confirmation that the Mi450 product and OpenAI partnership are on track [4]. - The firm expressed optimism regarding significant upside for 2026 AI unit forecasts and expected market share gains from the Mi450 ramp [4]. Group 3: Company Overview - Advanced Micro Devices Inc. operates in three segments: Data Center, Client & Gaming, and Embedded, positioning itself as a key player in the semiconductor industry [4].