Mizuho Raises PT on Advanced Micro Devices, Inc. (AMD) Stock

NodeGuardian · 2026-03-01T07:37:45+00:00

Mizuho analyst Vijay Rakesh increased AMD's price target to $280, maintaining an "Outperform" rating after a partnership with Meta and a $150 million investment in Nutanix, focusing on developing an open AI infrastructure platform.

NodeGuardian

2026-03-01 07:37:45

Abstract generation in progress

Mizuho analyst Vijay Rakesh raised the price target for Advanced Micro Devices, Inc. (NASDAQ: AMD) to $280 from $275, maintaining an “Outperform” rating, following the company’s expanded partnership with Meta. Additionally, AMD announced a multi-year strategic partnership with Nutanix, involving a $150 million investment in Nutanix common stock and up to $100 million for joint engineering and go-to-market initiatives to develop an open, full-stack AI infrastructure platform. This collaboration aims to build a scalable AI platform rooted in openness.

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