AMD has launched new products aimed at advancing AI and HPC capabilities. The MI350X and MI355X GPUs are set to enhance computational power for AI workloads. AMD also introduced ROCm 7.0 software, designed to optimize performance and interoperability in AI tasks.
From past to present, we have a habit of redefining excellence. And when tech experts and consumers agree? Gotta choose AMD Ryzen AI. 😎 pic.twitter.com/IiWdoMHh2K
— AMD Ryzen (@AMDRyzen) June 13, 2025
The Helios rackscale system promises to elevate rack-level performance in data centers. AMD Chairwoman and CEO Lisa Su spoke at the company’s “Advancing AI” developers conference.
AMD is going after Nvidia -“AMD wants to take Nvidia’s throne (and market share) and thinks its latest chips and strategic partnerships will help the company do just that.”https://t.co/ArLciIELzE
— W. Gyude Moore (@gyude_moore) June 16, 2025
At AMD, we’re really focused on pushing the boundaries of high performance and adaptive computing to help solve some of the world’s most important challenges,” Su said.
“Computing has never been more important in the world. Billions of people use AMD technology every day.
Open collaboration drives innovation. That’s why Dell and AMD are building a flexible, open AI ecosystem that helps customers stay ahead, wherever the next breakthrough comes from.
Hear more from Varun Chhabra, SVP Product Marketing at @Dell. #AdvancingAI pic.twitter.com/s9v2HtM1sv
— AMD (@AMD) June 15, 2025
Su highlighted the release of AMD’s latest AI processors, predicting the AI market will soar past $500 billion in the next three years. The new MI355 chips are 35 times faster than their predecessors and outperform Nvidia’s B200 and GB200 products when running AI software.
They match or exceed them in creating code, with a lower price tag. AMD’s data center business had shown slower growth than expected earlier this year, but the company believes its new MI range will restore momentum.
Advancing AI and HPC capabilities
Like Nvidia, AMD is restricted from shipping its most powerful components to China under U.S. trade curbs. The company is lobbying to gain the ability to offer AI components freely to other countries. Several investment firms have issued research reports following AMD’s event.
Evercore ISI analyst Mark Lipacis raised his price target on AMD to $144 from $126 and affirmed an outperform rating. He noted AMD’s progress on the ROCm software stack and in penetrating hyperscalers’ internal inferencing workloads. The AMD Instinct customer list has expanded to include Meta Platforms, Microsoft, OpenAI, xAI, Cohere, and RedHat.
Lipacis believes this increased visibility into AMD’s data-center GPUs justifies a higher price-to-earnings multiple. Roth Capital analyst Suji Desilva also raised the firm’s price target on AMD to $150 from $125 and gave a buy rating. Desilva cited progress across AMD’s AI portfolio and anticipated faster growth in 2026 with the ramp-up of the MI350 accelerator-based Helios rack solution.
Citi analyst Christopher Danely maintained a neutral rating on AMD with a $120 price target. Danely noted AMD’s revised AI market estimates and new customer xAI but pointed out that the company did not provide a revenue forecast for its AI business.
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