Latest news with #AdvanceAI
Yahoo
24-06-2025
- Business
- Yahoo
AMD Showcases MI350 Chips and Helios System to Expand AI and 5G Solutions, TD Cowen Reaffirms Buy
Advanced Micro Devices, Inc. (NASDAQ:AMD) is on our list of the 10 best 5G stocks to invest in according to analysts. Following the company's Advance AI event on June 13, TD Cowen maintained its Buy rating and $115 price target on Advanced Micro Devices, Inc. (NASDAQ:AMD). AMD's ROCm 7 software platform, new MI350 series chips, and the company's first rack-scale solution, the MI400 'Helios,' were also on display during the event. Although the event did not provide any financial details, TD Cowen states that the company is 'laying important groundwork to more effectively participate in the AI TAM.' AMD's recent acquisition of ZT Systems was also stated to have made it possible for the company to make the strategic move into multigenerational, comprehensive system solutions. The company further showed its dedication to AI software development by making numerous deals to support large-scale cluster workloads and modeling solutions. A prominent multinational semiconductor company, Advanced Micro Devices, Inc. (NASDAQ:AMD) operates in a number of categories, including embedded, client, gaming, and data center. AMD, with operations all over the world, is also stepping into the telecom industry with an emphasis on 5G and computing advancements. While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
16-06-2025
- Business
- Business Insider
Cowen Doubles Down on AMD Stock
Chip stock Advanced Micro Devices (NASDAQ:AMD) hasn't managed to light a fire under investors when it comes to its AI narrative. Expectations were riding high ahead of the recent Advance AI event, but the showcase came and went without delivering the stock a much-needed jolt. Confident Investing Starts Here: That said, while the event failed to move the needle on Wall Street, it wasn't without substance. AMD unveiled the MI350 series and ROCm 7, teased its upcoming MI400 'Helios' rack-scale solution, and even featured a cameo from OpenAI's Sam Altman. Cowen analyst Joshua Buchalter acknowledges the market's muted reaction, attributing it to the absence of financial updates. Still, he views the event as a meaningful step forward. 'We think AMD is laying important groundwork to more effectively participate in the AI TAM,' said Buchalter. 'Still a 'show-me' story, but one we're confident in.' Rome wasn't built in a day, says Buchalter, but the MI350 and MI400 feel like the AI GPU counterparts to AMD's early CPU platforms, which laid the foundation for a turning point. The event, he notes, tackled the very challenges that have hindered wider adoption of AMD's Instinct GPUs: expanding its ROCm software stack and developer community, and launching a competitive rack-scale solution by 2026. Altman shared his enthusiasm for the MI450X – slated for release in the second half of 2026 – highlighting its potential for both inference and training, thanks to the close collaboration between OpenAI and AMD, offering 'important early validation' for the product. AMD also showcased significant upgrades in ROCm 7 and pointed to its growing developer community as further momentum behind the platform. Buchalter acknowledges the significance of having seven of the ten largest AI players now using AMD chips. This includes early adopter Oracle, which is set to be one of the first to implement AMD's upcoming rack-scale solutions. The support is further reinforced by endorsements from major AI leaders like OpenAI, xAI, and Meta. 'That said,' he went on to add, 'we think AMD's sharp 2H25 AI GPU revenue ramp remains a 'show-me' story and is necessary to prove its competitiveness against NVIDIA (and ASIC rivals)… and drive investor confidence.' Moreover, investors will likely want concrete evidence that AMD can successfully scale its rack-scale solutions, especially considering Nvidia's widely known early struggles in this area (which now appear largely resolved). Nevertheless, Buchalter thinks the company is moving in the right direction. 'Against an expanding TAM, we think AMD is making the necessary gradual moves to cement its position as the de facto merchant alternative to NVIDIA,' the analyst summed up. All told, Buchalter assigns a Buy rating to AMD shares, although his $115 price target suggests the shares will stay rangebound for the time being. It will be interesting to see if Buchalter updates his target shortly. (To watch Buchalter's track record, click here) Elsewhere on the Street, the stock claims an additional 21 Buys and 11 Holds for a Moderate Buy consensus rating. At $127.23, the average price target suggests shares will climb 11% higher in the months ahead. (See AMD stock forecast) To find good ideas for AI stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
