智通财经网·2025-08-26 14:38Core Viewpoint - Truist Securities upgraded AMD's stock rating from "Hold" to "Buy" and raised the 12-month target price from $173 to $213 due to stronger-than-expected demand for data center CPUs and AI computing chips [1][2] Group 1: Market Dynamics - Large-scale customers are increasingly considering transitioning from NVIDIA's AI server clusters to AMD for cost and performance advantages, potentially eroding NVIDIA's 90% market share in AI chips and server clusters [1][2] - AMD's CEO, Dr. Lisa Su, highlighted strong demand for AMD's AI chips globally and is actively pursuing U.S. government approval to re-enter the Chinese market [3] Group 2: Strategic Partnerships - AMD is collaborating with IBM to develop a next-generation quantum computing architecture called "quantum-centric supercomputing," aimed at enhancing AI workloads in a secure cloud environment [2][3] - Analysts from Bank of America noted that both NVIDIA and AMD agreed to pay 15% of their AI chip revenue to the U.S. government in exchange for export licenses to China, which is seen as a significant incremental benefit [3] Group 3: Product Development - AMD launched the new MI350 series AI GPUs, claiming a threefold performance increase over the previous generation MI300X, targeting NVIDIA's Blackwell architecture [4] - Benchmark tests show that AMD's MI355X has 1.5 times the HBM3E memory capacity of NVIDIA's GB200/B200 AI GPUs and approximately double the peak FP64/FP32 performance [4]