Advanced Micro Devices (NASDAQ:AMD) provided the “receipts” needed to validate its AI roadmap, sparking a rally that a Rosenblatt analyst believes offers significant “upside” for the chipmaker after its deal with Meta Platforms Inc. (NASDAQ:META), announced on Tuesday.

Strategic Validation And ‘Receipts’

The partnership centers on the custom-tuned AMD chips, designed to power Meta's “personal superintelligence” initiative. Wall Street experts are hailing the move as a major shift from AI model training to large-scale deployment.

“This is receipts,” said Daniel Newman, CEO of The Futurum Group, during a CNBC interview. “This is AMD providing receipts right now that they are winning inference workloads from one of the best implementers of AI on the planet in Meta.”

Newman emphasized that as the industry enters the inference phase, ...