Strategist Projects AMD Stock to Reach $750 by November

OptionsPlay chief strategist Tony Zhang has set a $750 price target for AMD stock by November, representing a 19% increase from its September 24 closing price of $629.26. The bullish outlook is driven by reports of a potential 10% price hike on AI accelerators, graphics cards, and motherboard chipsets starting in Q4. Zhang is utilizing a 600/750 call spread to capitalize on this expected growth, though the strategy carries risks if the stock price remains stagnant.