AMD shares reached a new record high following a multi-year partnership with the French government to advance AI research. The initiative supports the development of Alice Recoque, which will be France's first exascale supercomputer. This collaboration expands access to AMD’s computing resources to strengthen its position in the sovereign AI market.
Bernstein raised its price target for AMD to $265, citing positive momentum within the broader AI sector. The stock continues a period of strong year-to-date performance as the company approaches its Q1 earnings report in early May.