Goldman Sachs raised the firm’s price target on AMD (AMD) to $240 from $210 and keeps a Neutral rating on the shares. AMD and Meta (META) announced a strategic partnership to deploy 6GW of AMD GPUs over five years, structured similarly to AMD’s prior deal with OpenAI, including performance-based warrants for up to 10% equity ownership tied to deployment milestones and stock price thresholds, the analyst tells investors in a research note. The agreement is viewed as a significant positive for AMD’s accelerator market share positioning, a modest negative for Nvidia (NVDA) and Broadcom (AVGO) (ACGO) given rising competitive intensity.
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