AMD gains; HSBC raises PT on up to $80 billion OpenAI deal opportunity

** Shares of chip firm Advanced Micro Devices AMD rise 2.9% to $224.50 premarket

** HSBC Global Investment Research raises PT on AMD to $310 from $185, implying ~42% upside to the stock's last close

** OpenAI deal implies massive AI revenue upside potential for AMD, which is still under-estimated by consensus - brokerage

** HSBC estimates the OpenAI contract could generate about $80 billion in cumulative AI‑chip sales for AMD over the five‑year term if all 6 gigawatts of planned capacity are deployed

** Last week, AMD announced chip-supply deal with OpenAI

** 41 of 54 brokerages rate the stock "buy" or higher, 13 "hold" and one strong sell; their median PT is $240 - LSEG-compiled data

** As of last close stock up ~81% vs. Philadelphia SE Semiconductor Index's SOX ~32% gain this year