JPMorgan lifted its price target for Dell from $145 to $165 and maintained an ‘Overweight’ rating, citing that Dell’s performance metrics revealed during the event not only met but surpassed internal expectations.
The xAI deal reportedly envisions a $2 billion contribution by Nvidia, as the former plans to raise $7.5 billion in equity and $12.5 billion in debt financing.
Most analysts viewed the OpenAI deal as signaling the potential broader adoption of AMD’s AI chips across OpenAI’s cloud service provider partners and among other players.
Benchmark highlighted increased capital commitments, a rapidly evolving technology ecosystem, and endorsements from major tech players as key drivers of renewed confidence in Rigetti’s growth trajectory.
The company announced that it now intends to utilize the net proceeds for working capital and general corporate purposes, in addition to funding the early-stage trial of its CLR 125 compound in triple-negative breast cancer.
Jefferies analysts stated that the OpenAI deal altered AMD’s “AI narrative” and provided “strong validation” of its AI roadmap and the level of AI demand in general.
