Evercore ISI raised the firm’s price target on AMD (AMD) to $358 from $328 and keeps an Outperform rating on the shares. The firm increased its estimates to reflect the new deal with Meta (META) as the firm views it as incremental to current Street estimates. The firm also sharpened its EPS build related to both OpenAI and Meta partnerships to reflect the view that 6 gigawatts is system-level power, the analyst tells investors in a research note.
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