Overview
- At CES, AMD introduced MI455 and MI440X accelerators, Helios rack-scale platforms, and Zen 5–based Ryzen AI Embedded processors targeting AI infrastructure and PCs.
- Management outlined multi‑year goals of more than 35% compound growth over three to five years, data center revenue expanding above 60% annually, and over 70% share in adaptive computing.
- Rosenblatt’s Kevin Cassidy highlighted Micron’s upbeat outlook, pointing to DRAM tightness and lifting server shipment growth expectations to the high‑teens percent year over year.
- Cassidy also referenced AMD’s comments that server CPU TAM could double to $60 billion by 2030 with an aim to raise server CPU share from roughly 40% to about 50%.
- Investor reaction remains mixed as Truist trimmed its price target to $277 but kept a Buy rating, AMD shares rose over 60% in the past year, and some analysts tout the pullback as a buying opportunity.