ab 4 January 2026 CES this week (NVDA, MU, MRVL, TXN, ADI, ON, MCHP, SWKS, private companies) 2026 Preview - Another Good Year for Semis Along with our 2026 US Semiconductors Preview, we updated our 180+ page comprehensive slide deck featuring key charts, commentary by end market, messages, forecasts, analyses, most read research, and investment thesis/risks for each of the stocks in our broad semis/SPE coverage. 2025 In Retrospective Semis returned 42% in 2025 vs Tech at 23% and the broader market at 16%. ...

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the new stocks David Tepper has bought. As of December 29, the average price target for AMD suggests an upside of 34%; however, the Street high indicates an upside of 77%. In Q3 2025, David Tepper purchased 950,000 shares of AMD valued at $153.70 million, making it the billionaire’s largest new position during Q3. Since December 15, the market has been abuzz with speculation that Samsung could potentially strike a deal with AMD to provide 2nm AI chips. Th ...

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Buzzing AI Stocks on Wall Street. On December 15, Piper Sandler reiterated an “Overweight” rating on the stock with a $280.00 price target. The rating affirmation follows the firm’s pre-quiet period call with AMD, with analysts citing several key AI catalysts working in favor of the stock. “AMD Gearing Up For Helios; We had the opportunity to host AMD's pre-quiet period call last week. All in all, we walked away comfortable with the company's near a ...

With AI as the driving force, semiconductor stocks have been trending higher in 2025. Advanced Micro Devices (AMD) is no exception, with the stock having surged by almost 80% year-to-date (YTD). However, even after the big rally, analysts have remained bullish on AMD stock. Recently, TD Cowen named AMD as one of its best ideas for 2026. A key reason for this bull thesis is AMD’s rollout of the Helios rack and MI450 accelerator in mid-2026. More News from Barchart It’s worth adding here that the MI500 Se ...

Summary of Advanced Micro Devices (AMD) 2025 Conference Call Company Overview - **Company**: Advanced Micro Devices (AMD) - **Date**: December 03, 2025 - **Speaker**: Dr. Lisa Su, CEO of AMD Key Industry Insights - **Transformation in Data Center Business**: AMD has transformed its business model, increasing its data center revenue from less than 20% to nearly 50% over the past few years, driven by a focus on high-performance computing and AI [3][4][5] - **Market Growth**: The data center business has been growing at over 50% annually, with expectations to accelerate to over 60% in the coming years [5][6] - **Total Addressable Market (TAM)**: AMD has revised its data center TAM to $1 trillion by 2030, with a projected $500 billion by 2028, aiming for a double-digit market share [6][7] Competitive Advantages - **Holistic Market View**: AMD's unique capability lies in its comprehensive portfolio, including CPUs, GPUs, FPGAs, and ASICs, allowing it to adapt to changing workloads in the computing market [7][8] - **Chiplet Technology**: AMD has pioneered chiplet technology, now in its fifth generation, which is crucial for meeting evolving workload demands [7][8] - **Strong Market Position**: AMD holds over 40% revenue share in the EPYC data center server CPU market and is well-positioned for future growth [8][9] AI and Computing Landscape - **AI Supercycle**: AMD views the current AI landscape as a supercycle, emphasizing the need for increased compute capabilities rather than a bubble [20][21] - **Investment in AI**: The company has seen significant productivity gains from AI investments, indicating a positive return on investment for enterprises [22][23] - **Diverse AI Solutions**: AMD believes in a multi-model approach to AI, where different models serve various use cases, enhancing flexibility and innovation [24][25] Strategic Partnerships and Acquisitions - **Acquisition of ZT**: The integration of ZT is aimed at enhancing AMD's full-stack solutions, combining system design with hardware and software capabilities [25][26] - **Partnership with OpenAI**: AMD's partnership with OpenAI involves offering 10% of the company with warrants, aimed at co-optimizing hardware and software for AI applications [30][31] CPU Market Dynamics - **Strong Demand**: There has been a significant uptick in CPU demand, driven by AI workloads and refresh cycles, with expectations for substantial growth in the CPU market over the next few years [36][37] - **Trusted Partner**: AMD is recognized as a trusted partner among hyperscalers, with ongoing discussions to build best-in-class roadmaps for CPU development [39][40] Client PC Business - **Market Share Growth**: AMD aims to increase its client PC market share to over 40%, focusing on premium segments where its products excel [41][42] - **Impact of Memory Prices**: While monitoring commodity prices, AMD does not foresee significant negative impacts on demand from rising memory costs [44] Supply Chain and Growth Constraints - **Supply Chain Confidence**: AMD has established strong partnerships with suppliers to ensure access to advanced technology and materials, which is crucial for meeting growth targets [45][46] - **Power Infrastructure**: The company is closely monitoring power availability for data centers, with positive developments in the U.S. and globally [46][47] Conclusion - AMD is strategically positioned for growth in the data center and AI markets, leveraging its technological advancements and partnerships to enhance its competitive edge. The company remains optimistic about its future prospects, focusing on innovation and customer collaboration.

Core Insights - AMD has formed a significant partnership with OpenAI, but immediate revenue generation is not expected until late 2026, with substantial growth anticipated in 2027 [2][8] - The partnership could potentially add over $100 billion to AMD's sales in the coming years, driven by AI-related data center revenue from the deployment of Instinct MI450 and Helios systems [5][8] - The deal includes a complex stock warrant structure that allows OpenAI to acquire up to 160 million AMD shares based on performance metrics, which could significantly impact AMD's stock valuation [6][7] Revenue Timeline - Revenue from the OpenAI partnership will not commence until the second half of 2026, with a significant ramp-up expected in 2027 [3][8] - Each gigawatt-scale tranche of AMD's installations could lead to double-digit billions in annual revenue once fully operational [3][5] Strategic Implications - The partnership positions AMD as a competitive player in the AI space, potentially attracting other major companies like Meta and Google due to the efficiency of its Instinct chips [8] - The structure of the deal provides performance incentives for OpenAI, aligning interests between the two companies and creating a pathway to bypass Nvidia's market dominance [7]

Core Viewpoint - Advanced Micro Devices Inc. (AMD) experienced a significant stock increase of nearly 9% following rumors of a GPU win with Amazon's cloud computing platform [1] Group 1: Market Performance and Analyst Ratings - Piper Sandler analyst Harsh Kumar maintained an Overweight rating for AMD and raised the price target to $140 from $125, highlighting product launches at the "Advancing AI" event, particularly the Helios rack system [2] - The AMUU ETF, which seeks to provide 200% of AMD's daily performance, gained almost 8% since its public market debut in February [11] Group 2: Industry Trends and Opportunities - The expansion of machine intelligence is a key narrative supporting AMD's growth, with Meta Platforms considering a multi-billion-dollar investment in Scale AI, which could boost GPU sales [3][4] - Amazon announced plans to invest approximately $13.02 billion through 2029 to expand its data center infrastructure in Australia, indicating increased demand for AMD's data center products [5] Group 3: Competitive Landscape and Market Challenges - Despite AMD's progress, it faces significant competition from Nvidia, which has a market capitalization of $3.53 trillion compared to AMD's nearly $205 billion [6] - The personal computer market is maturing, with consumer PC sales slowing since the COVID-19 crisis, leading to challenges for AMD's traditional CPU and GPU business [7] Group 4: ETF Performance and Trading Mechanisms - The Direxion ETFs provide a mechanism for speculation on AMD stock, with the AMUU ETF showing strong performance while the AMDD ETF has lost over 22% since its debut [8][14] - The AMUU ETF's recent jump of 17.5% was accompanied by a significant spike in trading volume, indicating strong investor interest [13]