CEO Dr. Lisa Su, AMD executives, and trade luminaries unveil the AMD imaginative and prescient for Advancing Al.
Courtesy: AMD
Shares of Superior Micro Gadgets rose almost 10% on Monday after analysts at Piper Sandler lifted their worth goal on the inventory on optimism concerning the chipmaker’s newest product announcement.
The analysts mentioned they see a snapback for AMD’s graphics-processing models (GPUs) within the fourth quarter. That is once they anticipate the chipmaker to be by way of the majority of the $800 million in costs that AMD mentioned it could incur because 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 AI chips, the Intuition MI400 collection. 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 vital for synthetic intelligence clients like cloud firms and builders of enormous 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.”
“General, we’re enthused with the product launches on the AMD occasion this week, particularly the Helios rack, which we expect is pivotal for AMD Intuition development,” the analysts wrote of their word.
Piper Sandler raised its worth goal for AMD’s share worth 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 or AMD warned of the chip management costs.
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