AMD’s Strategic Partnership with OpenAI: A Catalyst for Revenue Growth and Share Price Increase
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Cody Acree has issued a Buy rating for AMD, citing its strategic partnership with OpenAI as a key driver for revenue growth and share price increase. The collaboration is expected to enhance AMD's competitive position and generate over $100 billion in incremental revenue by 2026. OpenAI has a warrant to acquire up to 160 million shares of AMD, aligning financial interests. Acree raised the price target to $270, while Barclays also maintains a Buy rating with a $300 target. Acree is a 5-star analyst with a 68.33% success rate.
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