During AMD’s recent earnings call, CEO Lisa Su shared promising updates for investors, noting increasing interest in the company’s AI chips following its deal with OpenAI (OPAIQ). She indicated that multiple potential customers are seeking chips akin to those for OpenAI, which helps diversify AMD’s customer base and mitigate concentration risk. This news comes as AMD aims to close the gap with rival Nvidia (NVDA), especially with the upcoming launch of its next-gen AI GPU, the Instinct MI450, due in 2026. Although AMD’s stock dipped 2.64% recently, it is still up 91.47% year-to-date, reflecting strong demand for its server components driven by the AI surge. Analysts have rated AMD as a Moderate Buy, with 27 Buy and 10 Hold recommendations, alongside a price target of $278.09, suggesting a potential upside of 19.85%. The increasing interest from various clients positions AMD favorably within the competitive AI landscape.
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