AMD CEO Lisa Su unveils the AMD imaginative and prescient for Advancing Al.
Courtesy: AMD
Shares of Advanced Micro Devices rose practically 10% on Monday after analysts at Piper Sandler lifted their value goal on the inventory on optimism in regards to the chipmaker’s tectonic disturbance product announcement.
The analysts mentioned they see a snapback for AMD’s graphics processing items, or GPUs, within the fourth quarter. That is after they count on the chipmaker to be via the majority of the $800 million in charges that AMD mentioned it could incur on account of a brand new U.S. license requirement that applies to exports of semiconductors to China and different nations.
Final week, AMD revealed its next-generation synthetic intelligence chips, the Intuition MI400 sequence. Notably, the corporate unveiled a full-server rack known as Helios that allows 1000’s of the chips to be tied collectively. That chip system is anticipated to be necessary for AI prospects equivalent to cloud firms and builders of huge language fashions.
AMD CEO Lisa Su confirmed the merchandise on stage at an occasion in San Jose, California, alongside OpenAI CEO Sam Altman, who mentioned they sounded “completely loopy.”
“Total, we’re enthused with the product launches on the AMD occasion this week, particularly the Helios rack, which we predict is pivotal for AMD Intuition development,” the analysts wrote of their word.
Piper Sandler raised its value goal for AMD’s share value from $125 to $140.
The inventory jumped previous $127 on Monday and is at its highest since Jan. 6, earlier than President Donald Trump introduced sweeping new tariffs and AMD warned of the chip management fees.
