AMD Stock Gets a Price Target Boost from Top TD Cowen Analyst. Here's Why
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AMD has partnered with OpenAI to deploy 6 gigawatts of its Instinct GPUs, including a warrant for 160 million shares, potentially giving OpenAI a 10% stake in AMD. TD Cowen Analyst Bulchalter is optimistic about AMD's stock, citing the deal as significant validation in the AI compute race, despite being neutral ahead of Q3 results. He projects AMD's 2027 EPS could approach $10 under conservative assumptions, while noting the stock's recent spike due to the partnership and upcoming analyst day.
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