#AMD

Analysts boosted AMD’s stock to ‘buy’ with a $200 target, citing its MI350 AI chips as a strong Nvidia competitor. Increased optimism centers on the MI350’s performance rivaling Nvidia’s Blackwell and higher-than-expected pricing, with the MI355 model now projected to sell for $25,000. HSBC significantly raised AMD’s projected 2026 AI chip revenue to $15.1 billion (up from $9.6B). The positive outlook drove AMD’s stock up 4.15% recently.

AMD CEO Lisa Su is challenging NVIDIA’s dominance in the booming AI chip market. AMD’s new MI355 chips reportedly outperform NVIDIA’s offerings in AI software execution and offer a price advantage. Su forecasts the AI chip market will exceed $500 billion. OpenAI will utilize AMD’s chips, and the company aims to significantly expand its market share, though NVIDIA currently leads with substantial revenue. The MI series is pivotal for AMD’s growth.