HSBC doubles the price target for Advanced Micro Devices and sees over 40% upside potential. AI revenue is expected to be nearly 60% higher than market expectations.
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Advanced Micro Devices (AMD;i) continues to position itself as one of the biggest beneficiaries of the AI revolution. The AMD Instinct MI350 series marks a significant advance in AI accelerators for data centers. The new MI350X and MI355X GPUs offer up to a fourfold increase in AI computing power compared to the previous generation, achieving a staggering 35-fold performance leap in inference workloads. With the 4th generation CDNA architecture, the modern 3nm process, and HBM3E memory, they are perfectly designed for demanding generative AI applications...
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