AMD
New analyst, same AI obsession
AMD got a friendly shove higher Friday after BMO Capital Markets started coverage with an Outperform rating and a $550 price target. In other words: one more Wall Street firm looked at the AI arms race and basically said, “Yeah, AMD can still get in the winner’s circle.”
Helios vs. NVIDIA: the new heavyweight bout
BMO analyst Harsh Kumar thinks AMD is inching toward being a full-blown AI infrastructure company, with a lineup that stretches from GPUs and CPUs to DPUs and rack-scale systems. The crown jewel here is Helios, AMD’s AI rack, which BMO says is the closest thing in AMD land to NVIDIA’s NVL72.
That matters because the AI boom is starting to look less like a single-chip story and more like a full-stack buffet. If AMD can ship racks, win design deals, and keep adding customers like OpenAI, Meta, and Anthropic, it’s no longer just playing catch-up — it’s trying to grab actual shelf space.
The stock still isn’t cheap, though
AMD is already priced like investors believe in the dream. The stock trades at about 119.8 times earnings, which is basically the market saying, “Show us the AI money, and make it fast.”
Why you should care
- AMD’s new bull call adds fuel to the AI narrative around the stock
- BMO thinks Helios could start shipping in September 2026, giving investors a future catalyst to watch
- The company still faces a monster rival in NVIDIA, but the gap may be narrowing in certain AI infrastructure fights
Big picture
AMD doesn’t need every analyst to throw confetti, but it does need proof that its AI story is turning into shipments, revenue, and market share. For now, Wall Street’s message is simple: the runway looks long, the valuation looks rich, and the AI brawl is very much on.