AMD Accelerates AI Push With Dell Server Support and Strong Outlook

Overview

• Dell PowerEdge servers now support AMD Instinct MI350P PCIe GPUs, giving enterprises a way to add AI capacity inside existing data centers without replacing infrastructure.
• AMD said the MI350P cards help run more models and serve more users while easing memory, power, and cooling demands in current server rooms.
• The chipmaker reported $10.25 billion in Q1 revenue with $5.8 billion from data centers, up 57% year over year, and Reuters reported guidance for Q2 revenue above Wall Street expectations.
• After the results, Goldman Sachs upgraded AMD to Buy with a $450 price target, and Bernstein raised its rating to Outperform with a $525 target.
• AMD is pitching a full stack of Instinct GPUs, EPYC server CPUs, and an open software ecosystem, which backers say positions it as more than a second source to Nvidia and supports cloud, on‑prem, and hybrid AI builds.