Bank of America makes its most bold call, but originally appeared on Thestreet.
Sometimes Mr. Market whispered, but another time it roars.
This week, AI Advanced Micro devices (S)Amd)) found myself in the middle of the loud noise. This is the species that comes with the back wind for a billion dollars: a major change in global trade policy.
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His business at the center of data is already flourishing, but now it is on larger tracks, kindly with open doors in China.
In addition, while Outlook is shifting, Wall Street’s main voice has put his name on a call, which is his biggest AMD so far.
AMD starts things this year as insufficient in AI chips. However, his latest results show that he is no longer a catch -up game.
In the first quarter, AMD sales in the center of data increased by 57% compared to last year, reaching $ 3.7 billion. This is nearly 50% of the company’s total revenue and a clear sign that its AI chips receive real grip.
Epyc CPU and AMD’s instinct graphics processors, especially the MI300 series, have the story.
Related: The main analyst updates the price of NVIDIA shares after surprise for China
These chips effectively form the main data centers and receive strong reviews in the process. Some buyers even say that AMD chips have won NVIDIA when it comes to price and performance.
And the next AMD move is perhaps even more big.
In June, she showed the MI350 series and a new luggage chamber system called Helios. This is essentially a complete complete setting of AI, which includes processors, graphics, networks and cooling, all effectively designed to work together outside the box.
AMD claims that the MI350 provides 40% more AI performance for each dollar consumed compared to the previous version.
The main technological players are arranged.
Meta already uses MI300 chips for its AI models and plans to test the MI350 afterwards.
Meanwhile, the startup Tensorwave has recently built the largest GPU AMD system in North America, 8 192 chips, pushing 21 Exaflops power.
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What also helps AMD compared to, say, nvidia is that it bets on an open source system called ROCM. This is a win over cloud suppliers and companies looking for more flexibility.
Bank of America Vivek Arya’s analyst is big on AMD.
In a bold note on July 16, ARYA made its AMD stock price of $ 130 to $ 175, a superb 35% jump.