AMD CEO Lisa Su announces AMD vision to move AL forward.
Courtesy: AMD
Stocks Advanced Micro Devices It rose almost 9% on Monday after analysts at Piper Sandler raised their stock price targets over optimism about Chipmaker’s latest product launch.
Analysts said they were looking at snapbacks for AMD’s Graphic Processing Unit (GPU) in the fourth quarter. At the time, they expect chip makers to be billed $800 million in a claim that said AMD would be generated as a result of new US licensing requirements applied to exporting semiconductors to China and other countries.
Last week, AMD revealed its next-generation artificial intelligence chip, the instinct MI400 series. In particular, the company has announced a full server rack called Helios, which can tie thousands of chips together. This chip system is expected to be important for AI customers, such as cloud companies and developers of large language models.
AMD CEO Lisa Su said it sounds “completely crazy” with Openai CEO Sam Altman at an event in San Jose, California.
“Overall, we are passionate about launching products this week’s AMD event, especially at Helios Rack. I think this is crucial for AMD’s instinctive growth,” the analyst wrote in a note.
Piper Sandler has raised AMD’s stock price target from $125 to $140.
The shares jumped above $126 to close at its highest level since January 7th before President Donald Trump wiped out new tariffs and AMD announced it would warn of chip-controlled fees.
