Advanced Micro Devices (AMD) is preparing for a significant AI event scheduled for October 10, 2024, where CEO Lisa Su is expected to discuss the company's latest advancements in AI technology and data center solutions. Analysts have noted that AMD shares have recently seen a price increase, with a reported gain of $1.50, bringing the stock closer to a price target of $180. Investors have begun trimming their positions ahead of the event, with some reporting solid returns on calls purchased around the $160 mark. The event is anticipated to highlight AMD's developments in data center GPUs and its ROCm open-source platform for AI applications. In addition to AMD, Tesla (TSLA) is also expected to unveil new products during its RoboTaxi event on the same day. Discussions surrounding AMD's strategies and future outlook are generating interest among market analysts and investors alike.