Overview

• CFRA raised its rating on AMD to strong buy and lifted its price target to $165, and Melius Research followed with a buy rating and a $175 target.
• AMD unveiled the MI350 series offering roughly four times the AI compute capacity of its predecessors and previewed the upcoming MI400 and MI450 accelerators.
• Partnerships with Oracle Cloud, Saudi Arabia’s Humain, and HCLTech are strengthening AMD’s AI infrastructure reach and have secured over $10 billion in commitments.
• AMD’s data-center segment posted a 57 percent year-over-year revenue increase in the first quarter, driven by rising demand for EPYC CPUs and Instinct MI GPUs.
• Upgrades to the open-source ROCm software stack are enhancing compatibility and performance for enterprises deploying AMD accelerators.