“AMD is really focused on pushing the boundaries of high performance and adaptive computing to solve some of the world’s most important challenges,” Su said between her. Keynote speech. “Frankly, computing is more important than ever in the world.
“We are extremely proud that billions of people use AMD technology every day, including running on AMD infrastructure, including services like Microsoft Office 365, Facebook, Zoom, Netflix, Uber, Salesforce or SAP.”
Su said her company’s latest AI processor can try out Nvidia’s (NVDA)) The market tip she now expects to jump past $500 billion over the next three years, Bloomberg.
The new installments for AMD’s MI350 chip series are faster than Nvidia’s counterparts and represent greater profits than previous versions, Su said at a company’s event held Thursday in San Jose, California.
AMD CEO Lisa Su says her company is pushing the boundaries of technology. I-HWA Cheng & Sol; Getty Images
The Mi355 chip, which began shipping earlier this month, is 35 times faster than its predecessor, she said.
AMD remains second-most distant to NVIDIA, an AI accelerator, a chip that helps develop and execute artificial intelligence tools, but it aims to keep up with these new products.
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The interests are higher than ever. SU previously forecasted $500 billion in market revenue by 2028, but now believes it is above that number.
“People once thought $500 billion was a huge amount,” she said in a post-presentation briefing. “It seems to be within the realization right now.”
In February, AMD’s forecast for data center businesses reflected slower growth than some analysts had predicted. AMD says a new update in the MI range will regain momentum and prove that you can go toe toe with a much bigger rival.
AMD said the MI355 is better than NVIDIA’s B200 and GB200 products when it comes to running AI software, and is equal to or exceeded them when writing code. According to AMD, buyers will pay significantly less than Nvidia.
Nvidia did not immediately respond to requests for comment.
AMD, like Nvidia, is restricted from shipping the most powerful components to China under the US trade curb. The company is striving to gain the Trump administration to allow the Trump administration to freely provide AI components to other countries.
AMD stocks fell 4.1% this year, with nearly 28% off from a year ago.
Several investment companies have published research reports that include Evercore ISI analyst Mark Lipacis following AMD’s “Advanced AI” event. He raised the company’s price target from $126 to $144, confirming the stock’s outperform rating.
The AI event showed AMD is making progress with its ROCM software stack and its pervasive hyperscalar internal inference workload, analysts told investors. Hyperscalar is a leading provider of cloud infrastructure and services.
AMD’s instinctive customer list has expanded from the meta platform (Meta)) Oracle (orcl)) and Microsoft (msft)) Openai, Xai, Cohere, Redhat IBM (IBM)) The software subsidiary and Humain said Lipacis.
He says that increasing visibility into AMD’s data center graphics process units ensures that multiples of revenue are higher from the price. Yahoo Finance calculates forward P/E for those under 30 years old for AMD and those under 34 years old for Nvidia.
Suji Desilva of Roth Capital Analyst has raised AMD’s price target from $125 to $150 following AMD’s AI event, confirming the stock’s purchase rating.
Analysts said they were encouraged by the progress of AMD’s AI portfolio of processors, AI GPUs, networking, software and rack systems.
Desilva said it expects the ramps from the Mi350 accelerator-based Helios Rack solution to speed up growth in 2026.
AMD believes AI speculation and agent AI is growing faster than previously expected, with its previous “significant” AI training investments as well as trends as a growth driver.
City analyst Christopher has maintained his AMD neutral rating with a $120 price target following the launch of the “Advanced AI” event and the latest artificial intelligence chip, the MI355X.
He said AMD has raised an AI Total addressable market and announced new client Xai, but will bring profits to the stock as it did not provide revenue forecasts for the AI business.
