Overview

• AMD unveiled its Instinct MI400 series of next-generation AI accelerators and the Helios server rack that can link thousands of chips.
• Shares climbed nearly 10% after Piper Sandler lifted its price target to $140 and reiterated an overweight rating.
• The Advancing AI event featured new collaborations with OpenAI, Meta Platforms, Oracle and Microsoft.
• Bank of America analysts predict a formal AMD partnership announcement with Amazon Web Services following the event.
• The company expects $800 million in export-license charges even as its data center revenue jumped 57% year-over-year in Q1.