AMD: Wolfe Research Raises Price Target by 50% – Oracle Deal Sparks AI Enthusiasm

Advanced Micro Devices (AMD) is back in the spotlight following a new rating from Wolfe Research. Just hours before the tech giant Oracle announced a significant partnership with AMD, the research firm upgraded the stock from "Peer Perform" to "Outperform" – raising the price target from 200 to 300 USD. In their assessment, the analysts emphasize AMD's growing importance in the field of Artificial Intelligence. Particularly the contract with OpenAI, which utilizes AMD's Instinct GPUs on a large scale, is seen as a crucial factor for the expected...