Meta Platforms (META) has reportedly reached out to major tech firms like Microsoft (MSFT) and Amazon (AMZN) with proposals to share the expenses involved in training its advanced language model, Llama. By partnering with these companies, Meta aims to alleviate the financial burden of this venture. In return, Meta is offering these partners a say in the development of Llama's features. However, some potential collaborators are hesitant about funding a project that Meta intends to release as open-source software, offering it for free to the broader community.
In other AI-related developments, the U.S. government’s restrictions on exporting AI chips by companies such as Nvidia (NVDA), AMD (AMD, Financial), and Intel (INTC) to China may inadvertently boost Huawei’s capabilities in chip manufacturing. Concerns have been raised that Huawei could expand globally, creating AI data centers aligned with China's Belt and Road Initiative, potentially increasing Beijing's geopolitical influence.
Additionally, Microsoft's involvement with OpenAI has come under scrutiny following discrepancies in AI model performance benchmarks. OpenAI's o3 model initially claimed impressive results in handling complex math problems. However, independent tests revealed much lower performance than initially reported, prompting discussions about transparency and the robustness of model evaluations.
On a different note, BTIG has initiated coverage of Tempus AI (TEM) with a Buy rating and set a price target of $60. Tempus AI, a leader in precision medicine, is recognized for its successful integration of genomics and data services within oncology and other medical fields. With ambitions to expand its scalable operations across various diseases, Tempus is seen as having significant potential, particularly with its extensive cancer molecular library that supports its innovative AI applications.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 40 analysts, the average target price for Advanced Micro Devices Inc (AMD, Financial) is $141.22 with a high estimate of $225.00 and a low estimate of $90.00. The average target implies an upside of 67.74% from the current price of $84.19. More detailed estimate data can be found on the Advanced Micro Devices Inc (AMD) Forecast page.
Based on the consensus recommendation from 50 brokerage firms, Advanced Micro Devices Inc's (AMD, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Advanced Micro Devices Inc (AMD, Financial) in one year is $162.68, suggesting a upside of 93.23% from the current price of $84.19. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Advanced Micro Devices Inc (AMD) Summary page.
