Advanced Micro Devices, Inc. (NASDAQ:AMD) Sees Positive Outlook from KeyBanc

Font: Financial Modeling Prep  • Feb 24, 2026

• KeyBanc maintains an "Overweight" rating for AMD, raising the price target from $300 to $330.
• AMD's strategic agreement with Meta Platforms could potentially be worth $100 billion, enhancing revenue visibility.
• The stock price of AMD has risen over 7%, with current trading at $213.74, indicating strong market confidence.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a prominent player in the semiconductor industry, known for its innovative processors and graphics cards. Competing with giants like Nvidia, AMD has carved a niche in the market with its cutting-edge technology. Recently, KeyBanc maintained an "Overweight" rating for AMD, with a "hold" action, reflecting confidence in the company's future prospects.

On February 24, 2026, AMD's stock price stood at $214.74. KeyBanc raised AMD's price target from $300 to $330, as highlighted by TheFly. This optimistic outlook aligns with AMD's strategic moves, including a transformative agreement with Meta Platforms. This deal, valued at an estimated $100 billion over five years, underscores the validation of AMD's MI450 architecture.

The agreement with Meta significantly enhances AMD's revenue visibility. It involves AMD providing Meta with 6 gigawatts of AMD Instinct GPUs to bolster its AI infrastructure. Initial shipments for the first gigawatt deployment are expected in the latter half of 2026. This partnership positions AMD as a credible challenger to Nvidia, as reported by The Wall Street Journal.

AMD's stock has seen a notable increase, rising over 7% in recent trading. The current stock price is $213.74, reflecting an increase of 8.72% or $17.14. The stock has traded between a low of $206.51 and a high of $216.70 today. This surge in stock price is attributed to the strategic partnerships and the potential for Meta to own up to 10% of AMD's stock through performance-based warrants.