There may be more upside ahead from AMD's partnership with OpenAI, according to TD Cowen. Analyst Joshua Buchalter, who has a buy rating on the chipmaker, raised his price target on the stock to $270 from $195. That signals upside of more than 15% from Thursday's close. AMD this week announced a deal with OpenAI in which the ChatGPT maker will buy billions of dollars worth of equipment to build out its AI capabilities. As part of the deal, OpenAI may also take a 10% stake in AMD . "While a formal partnership shouldn't come as a total surprise given Sam Altman's appearance at AMD's AI event, and OpenAI's insatiable demand for compute, the line of sight and magnitude was still shocking. Still obviously much to prove with the actual deployments, but we believe this should help assuage several

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