AMD hits record high buoyed by sentiment from chip supply deal with OpenAI

** Shares of Advanced Micro Devices AMD.O are up 10% to $233.61 on Wed, hitting a record high, days after it announced a chip supply deal with OpenAI

** AMD is on track for a third straight session of gains and a record close

** AMD had announced on Monday it will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy up to roughly 10% of the chipmaker

** Multiple analysts including those from Jefferies, Morgan Stanley and Wells Fargo have hiked their PT for AMD's stock

** Among 55 analysts that cover AMD, avg rating is "buy" and median PT is $220

** AMD is now up 93.9% YTD vs NASDAQ Composite Index's .IXIC 19.2% increase