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AMD Stock Surges as HSBC Analyst Raises Price Target to $310, Citing AI Growth Potential

AMD Stock Surges as HSBC Analyst Raises Price Target to $310, Citing AI Growth Potential

Author:

Global Cryptocurrency

Published:

2025-10-16 11:02:02

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BTCCSquare news:

Advanced Micro Devices (AMD) shares jumped more than 9% after HSBC's top analyst Frank Lee lifted his price target to a Street-high $310—a 30% upside from current levels. The bullish revision follows AMD's partnership with OpenAI and plans to deploy 50,000 AI chips in Oracle's data centers, signaling its expanding role in AI infrastructure.

Lee estimates AMD's new MI450 chips could generate $80 billion in revenue by 2030, with demand for AI accelerators still in its early stages. His projections for 2026-2027 are 45-50% above consensus, noting investors underestimate AMD's ability to compete with Nvidia. Pricing power and shipment scalability may further boost margins as adoption grows.

By:

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