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Yahoo Finance Tech·1 min read

RBC Capital Maintains a Sector Perform Rating on Advanced Micro Devices (AMD) Stock

RBC Capital maintains rating on AMD amid strategic developments.

RBC Capital has reaffirmed its 'Sector Perform' rating for Advanced Micro Devices (AMD), setting a price target of $230. The firm expressed confidence in AMD's upcoming MI450/Helios developments and its expected growth in AI demand from OpenAI and Meta in the latter half of 2026. Additionally, AMD has formed a strategic alliance with Celestica to introduce the Helios AI platform, which aims to revolutionize AI infrastructure by enabling scalable deployments.

Key Takeaways

1.
RBC Capital set a price target of $230 for AMD stock.
2.
AMD and Celestica are collaborating on a new Helios AI platform.
3.
The Helios platform aims to enhance AI deployment at scale.

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RBC Capital Maintains a Sector Perform Rating on Advanced Micro Devices (AMD) Stock | Trace