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yesterday

AMD Stock Surges Over 25% on MI350 Launch and Wall Street Upgrades

Leveraging MI350’s fourfold speed boost through major cloud partnerships, the company is accelerating its data center business.

AMD stock surges as analysts dial up the bullishness.
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Overview

  • AMD unveiled its Instinct MI350 accelerators this month, promising roughly four times the AI compute performance of previous-generation GPUs.
  • In addition to MI350, the company previewed MI400 and MI450 series chips that aim to boost price-performance for AI training and inference workloads.
  • Strategic collaborations with Oracle, Humain and HCLTech are set to integrate AMD’s GPUs into major cloud platforms and a $10 billion AI-computing infrastructure project.
  • Analysts from CFRA and Melius Research raised their ratings and price targets—lifting forecasts to $165 and $175 respectively—citing robust revenue momentum and competitive gains on Nvidia.
  • The company reported Q1 data center sales of $3.7 billion, a 57% year-over-year increase driven by strong demand for Epyc processors, Instinct GPUs and improving ROCm software capabilities.