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Stock impact report

Advanced Micro Devices (AMD) Signs Multi-Year Meta AI Deal [Yahoo! Finance]

Advanced Micro Devices, Inc. (AMD) 
Last advanced micro devices, inc. earnings: 4/28 04:25 pm Check Earnings Report
US:NYSE Investor Relations: ir.amd.com/investor-overview
Company Research Source: Yahoo! Finance
On February 25, D.A. Davidson maintained its Neutral rating on Advanced Micro Devices Inc. (NASDAQ:AMD), with a $220 price target. This leads to an upside potential of almost 10% at the prevailing level. The reiteration follows AMD's announcement of a multi-year agreement with Meta Platforms to purchase more than $100B in AI computing capacity. D.A. Davidson views the partnership as a constructive development for AMD's broader technology ecosystem and software capabilities, particularly as demand for AI infrastructure continues to strengthen. On the same day, TD Cowen also maintained its Buy rating on Advanced Micro Devices Inc. (NASDAQ:AMD), with a $290 price target. The firm cited AMD's recently announced multi-year partnership with Meta, which includes 6 gigawatts of AI compute capacity to support Meta's next-generation infrastructure. The agreement features performance-based warrants and a customization component, similar to AMD's prior arrangement with OpenAI. Advanced Mic Show less Read more
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