Advanced Micro Devices (AMD) is set to showcase its latest advancements in artificial intelligence during a keynote event on Thursday, featuring CEO Lisa Su and other executives. Analysts from Citi anticipate the launch of AMD’s MI355X AI GPU at this event, which is expected to include more high-bandwidth memory and a competitive price point compared to Nvidia’s B200 chip. Additional updates will likely focus on the upcoming MI400 model, which is projected to become available in the latter half of 2026.
During the presentation, AMD may also reveal new partnerships with high-profile tech companies, potentially including Amazon and OpenAI, as analysts suggest stronger collaborations could amplify AMD’s market position. Citi has adjusted its price target for AMD’s stock, raising it from $100 to $120, while maintaining a “neutral” rating. The average target set by 11 contributing analysts stands around $121, indicating minimal fluctuations since the previous trading day.
This event follows AMD’s recent quarterly earnings report, which exceeded Wall Street expectations, fueled by robust data center sales. However, the company did caution investors about a possible revenue decline this quarter, estimating a $800 million impact due to new restrictions on chip sales to China. Similarly, Nvidia recently reported a $4.5 billion charge due to related export controls.
As AMD gears up for this pivotal event, it could mark a significant turning point for the company, reinforcing its role in the AI landscape and potentially attracting new customers and investments. This optimism is further justified by the supportive trends in data center demand, signaling a resilient future amid market challenges.