Story · Anthropic
AMD Stock Alert: What to Know Ahead of Advanced Micro Devices' AI Event This Week
Jefferies analyst Blayne Curtis recommends buying AMD shares ahead of the company's AI event in San Francisco this Wednesday, maintaining a Buy rating with a $615 price target (24% upside). Curtis expects customer announcements to be the biggest swing factor, noting potential deals with OpenAI, Meta, Microsoft (for MI450), and Anthropic. A traditional, non-subsidized deal with Anthropic could boost sentiment. The event may also include an increased CPU total addressable market of $200 billion or more, disclosures on MI500 chips with 256 GPUs per rack, and a Co-Packaged Optics roadmap. Wall Street consensus is Strong Buy, with price targets as high as $755 (50% upside).
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