Latest news with #AdvancingAI
Yahoo
4 days ago
- Business
- Yahoo
Watch These AMD Price Levels as Stock Hits 5-Month High Following Last Week's AI Showcase
AMD shares continued gaining ground Tuesday, boosted by upbeat Wall Street commentary following the chipmaker's "Advancing AI" event last week. The stock broke out from a pennant pattern earlier this month and closed above the closely watched 200-day moving average in Monday's trading session. Investors should watch crucial overhead areas on AMD's chart around $145, $160 and $175, while also monitoring support levels near $115 and $ Micro Devices (AMD) shares continued gaining ground Tuesday, boosted by upbeat Wall Street commentary following the chipmaker's "Advancing AI" event last week. Piper Sandler on Monday raised its price target for the stock and expressed enthusiasm for AMD's recently unveiled Helios server rack architecture, which will combine the company's next-generation AMD MI400 chips into one larger system. The investment bank pointed out that the hardware, anticipated for release in 2026, is "pivotal" for the growth of AMD Instinct GPUs. Meanwhile, analysts at Bank of America speculate that the chipmaker could announce Amazon (AMZN) as a partner after the tech giant's cloud unit, Amazon Web Services (AWS), was a key sponsor of last week's event. AMD shares rose 0.6% to around $127 on Tuesday, after surging nearly 8% yesterday to pace S&P 500 advancers. The stock is up 66% from its early-April low, though has gained just 5% since the start of 2025 amid uncertainty over chip export curbs and the company's ability to capture a greater share of the lucrative AI chip market that's now dominated by Nvidia (NVDA). Below, we break down the technicals on AMD's chart and point out crucial price levels worth watching out for. After hitting their May high, AMD shares formed a pennant, a chart pattern that signals a continuation of the stock's uptrend that started in early April. Indeed, the stock broke out from the pattern earlier this month and staged a volume-backed close above the closely watched 200-day moving average in Monday's trading session. Moreover, the relative strength index indicates bullish momentum, generating a reading just below the indicator's overbought threshold. Let's identify three crucial overhead areas on AMD's chart to watch and also point out support levels worth monitoring. Follow-through buying could trigger an initial rally toward $145. This area may provide overhead selling pressure near several peaks and troughs that formed on the chart between April and December last year. A decisive close above this crucial area may see the shares test resistance around $160. Investors could seek to lock in profits in this location near a trendline that connects a range of corresponding trading activity that developed on the chart from April to October last year. The next overhead area to watch sits at $175. The shares may run into sellers in this region near prominent peaks that emerged in May and October last year. During retracements in the stock, it's firstly worth monitoring the $115 level. The stock could encounter support near last week's retest of the pennant pattern's breakout point, which also closely aligns with a range of price action stretching back to mid-January. Finally, selling below this level opens the door for a drop to lower support around $108. Investors could seek to accumulate AMD shares in this location near the low of the pennant pattern and early-February low. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia
Yahoo
5 days ago
- Business
- Yahoo
AMD Stock Soars as Piper Sandler Raises Price Target After 'Advancing AI' Event
Advanced Micro Devices shares jumped nearly 10% to lead S&P 500 gainers Monday as Piper Sandler raised their price target for the chipmaker's stock. The move comes after AMD's "Advancing AI" event last week, which saw the reveal of next-generation server rack architecture. Bank of America analysts expect a partnership to be announced between AMD and Amazon Web Micro Devices (AMD) shares popped nearly 10% to lead S&P 500 gainers Monday as Piper Sandler analysts raised their price target for the stock coming out of the chipmaker's "Advancing AI" event. Piper raised its target to $140 from $125 and maintained an "overweight" rating for AMD stock. Shares of AMD were at about $127 in recent trading, making Piper's target a roughly 10% premium. The analysts came away "enthused" by the firm's newly unveiled Helios server rack architecture, which it called "pivotal" for the growth of AMD Instinct GPUs. Helios will combine next-generation AMD MI400 chips into one larger system, the company said, and is expected in 2026. AMD highlighted its partnerships with ChatGPT maker OpenAI, Meta Platforms (META), Oracle (ORCL), Microsoft (MSFT), and others at the event. Bank of America analysts believe there's another high-profile partner announcement to come: Amazon (AMZN). Amazon Web Services (AWS) was "a key sponsor for the event," BofA said. However, AWS typically uses its own events to announce new engagements, making a future reveal likely, the bank added. BofA maintained a "buy" rating and price target of $130 following the event. For comparison, the analyst consensus price target from Visible Alpha is about $124. Read the original article on Investopedia Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Time of India
5 days ago
- Business
- Time of India
AMD stock up over 9% after new AI chips reveal: Is AMD the breakout investors have been waiting for?
AMD stock jumped over 9% after the company unveiled its latest AI chips, including the Instinct MI325X, sparking fresh investor excitement. The news came during AMD's 'Advancing AI' event, where it laid out its future AI roadmap and new hardware plans. With major analysts raising price targets and AMD doubling down on AI tech, many now wonder if this is the breakout moment investors have been waiting for. Backed by rising volume, upbeat forecasts, and bullish momentum, AMD stock is once again in the spotlight — and the story is far from over. Tired of too many ads? Remove Ads Key data: AMD stock rose 9.1% to $162.67. Gain followed AI chip event where AMD unveiled Instinct MI325X. New chips will ship in Q4 2024, with next-gen chips coming in 2025 and 2026. AMD introduced a full AI GPU roadmap: MI325X → MI350 (2025) → MI400 (2026). Analyst Hans Mosesmann (Rosenblatt) raised price target to $250 (from $200). AMD targets a $400B AI chip market, competing with Nvidia. The rally added $25 billion to AMD's market value in one day. Stock trading volume spiked over 2x the daily average. What did AMD announce that got investors so excited? Tired of too many ads? Remove Ads Why is AMD stock price moving so fast right now? Strong analyst support: Besides Piper Sandler, analysts from Citi, BofA, and Barclays have been increasing their price targets. Citi moved to $121, and BofA hiked its target to $130, citing product momentum and even AMD's $6 billion stock buyback program. Besides Piper Sandler, analysts from Citi, BofA, and Barclays have been increasing their price targets. Citi moved to $121, and BofA hiked its target to $130, citing product momentum and even AMD's $6 billion stock buyback program. Momentum in AI: Investors are paying close attention to companies that are building chips for AI and data centers. AMD's new lineup is clearly aimed at competing with Nvidia, the current leader in this space. Investors are paying close attention to companies that are building chips for AI and data centers. AMD's new lineup is clearly aimed at competing with Nvidia, the current leader in this space. Volume and demand: AMD's daily trading volume on June 16 was over 67 million shares, far higher than average. That kind of buying interest often indicates strong belief in future performance. Is AMD stock still a good buy or is it too late? According to TipRanks, 35 out of 54 analysts rate AMD as a Buy. Top-rated TipRanks investor JR Research said, 'Now is a good time to stock up before the momentum builds.' Can AMD really challenge Nvidia in the AI chip market? Is AMD stock worth watching? AMD stock is once again catching Wall Street's attention—and for good reason. On Monday, June 16, AMD shares soared over 8%, closing at $126.72. The jump came right after the company's highly anticipated Advancing AI event in San Jose, where AMD introduced its new generation of AI chips and laid out a detailed roadmap for future isn't just another short-term rally. With fresh product announcements, big price target hikes from analysts, and a wave of investor excitement, AMD stock seems to be entering a new the center of this price surge is AMD's unveiling of the Instinct MI325X AI chip, expected later this year, and its plans for the MI350 series in 2025. The company also teased its upcoming MI400 chips that are set to launch in 2026 and will use a new 'Next' architecture designed for high-performance AI also introduced Helios, a rack-scale AI platform that will house its future MI400 accelerators. While this sounds technical, the takeaway is simple: AMD is doubling down on AI, and investors liked what they responded quickly. Piper Sandler raised its price target from $125 to $140, saying the announcements were "impressive" and could give AMD a serious boost in the competitive AI chip the big question. AMD stock has climbed about 60% since bottoming out near $78 in April, but it's still down about 30% from its 2023 high of $184.92. This suggests there could be more room to grow, especially if its AI chips gain there are risks. U.S. chip export rules could cut up to $800 million from future revenue. That's not a small amount, and it could affect margins in Q2 and Q3. Still, most analysts see this as a manageable headwind rather than a be honest—Nvidia is still the leader in AI chips. But AMD isn't just sitting on the sidelines. Its newer products are starting to show up in major server systems, and its focus on open-source AI platforms makes it a serious AMD lacks in current AI market share, it hopes to make up for in scalability and cost efficiency. If its MI325X and MI350 chips can compete on performance and price, then AMD could carve out a significant share of the AI market in 2025 and Whether you're a long-term investor or just tracking short-term gains, AMD stock deserves a spot on your radar right now. Between its product roadmap, analyst upgrades, and strong investor interest, this isn't just a hype-driven bump—it's a shift toward long-term AI said, keep an eye on chip export regulations and future earnings. The next few quarters will tell us how well AMD can execute on these bold AI now, it's clear: AMD is stepping up, and the market is watching.
Time of India
5 days ago
- Business
- Time of India
Game over for Nvidia? Lisa Su breaks silence as AMD chips leave Nvidia in the dust
Lisa Su, CEO of AMD, gave a big speech at the company's 'Advancing AI' conference in San Jose, California. She said AMD wants to solve the world's big problems using high-performance computing. Su said billions of people use AMD tech every day on platforms like Microsoft 365, Facebook, Zoom, Netflix, Uber, Salesforce, and SAP, according to TheStreet. As per the Bloomberg report, she now thinks the AI chip market will go past $500 billion in the next 3 years, which is even more than her previous prediction. AMD's new chips, especially from the MI350 series, are faster than Nvidia's chips and are big upgrades over older AMD versions. The new MI355 chip is 35x faster than the older ones and started shipping earlier this month, as compiled by reports. AMD is still behind Nvidia in the AI chip game, but these new chips show AMD is ready to catch up. These AI chips are used to build and run AI tools, and now AMD wants a bigger share of that market, as per TheStreet. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thao Dien: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo AMD claims its MI355 outperforms Nvidia's B200 and GB200 chips when running AI software, and is just as good or better at making AI code. Plus, AMD says their chips are much cheaper than Nvidia. Nvidia hasn't responded yet to these claims, as per a report by CNN. Just like Nvidia, AMD also can't sell its top AI chips to China because of U.S. trade rules, and they are trying to get the government to ease those rules. Even with all the hype, AMD's stock is down 4.1% in 2025 and 28% lower than last year, as per TheStreet. Live Events Analyst's reactions Mark Lipacis from Evercore ISI raised AMD's target price from $126 to $144 and said the company is doing well with its ROCm software and cloud AI workloads. He also said AMD's client list has grown from just Meta, Oracle , and Microsoft to now include OpenAI, xAI, Cohere, RedHat, and Humain. AMD now has better visibility in the data center GPU market, which could mean a higher stock valuation. According to Yahoo Finance, AMD's forward P/E ratio is under 30, while Nvidia's is under 34. Suji Desilva from Roth Capital raised AMD's target price to $150 from $125 and liked AMD's progress in AI processors, GPUs, networking, and rack systems, as stated in the report by CNN. He expects faster growth in 2026 thanks to the MI350-based Helios rack. Desilva also said that AI tools like inferencing and agentic AI are big growth drivers. Christopher Danely from Citi kept a neutral rating with a $120 target, saying AMD did well with the MI355X launch, but didn't share a revenue forecast, which is important for the stock, according to the report by TheStreet. FAQs Q1. Is AMD now better than Nvidia in AI chips? AMD says its new MI355 chip is faster and cheaper than Nvidia's top chips, but Nvidia hasn't responded yet. Q2. Why is AMD getting attention after Lisa Su's AI event? AMD launched powerful new AI chips and CEO Lisa Su said the AI market could go over $500 billion in 3 years.
Hindustan Times
6 days ago
- Business
- Hindustan Times
AMD Advancing AI event: 6 key details you need to know
At AMD's Advancing AI event in San Jose, California, United States, the brand unveiled a range of hardware as well as software-centric announcements, which at large serves as the vision for its open AI ecosystem. Here are the key announcements: AMD Instinct MI350 series GPUs announced: AMD announced the Instinct MI350X and Instinct MI355X GPUs and platforms, which the company claims allow for a four times generation-on-generation AI compute boost for better AI solutions across various industries. End-to-end open standards rack-scale infrastructure: At the keynote, AMD also showed its open standards rack-scale AI infrastructure, which is already rolling out with AMD Instinct MI350 series accelerators, 5th Gen AMD EPYC processors, and AMD Pensando Pollara NICs in hyperscaler deployments, including Oracle's Cloud Infrastructure. The company says the broad availability for the same is going to be the second half of 2025. AMD unveils its next-generation AI rack called Helios: AMD stated that this is going to be built on the next-gen AMD Instinct MI400 series GPUs. When you compare this to the former generation, it can allow for 10 times more performance when running inference on mixture-of-experts models. AMD announced the broad availability of its Developer Cloud: The company says this is purpose-built for fast, high-performance AI development and allows for developers to have access to a fully managed cloud environment with tools, allowing for fast development. The company says the combination of ROCm 7 and the AMD Developer Cloud enables the company to expand access to next-generation compute. It is already collaborating with AI leaders like Hugging Face, OpenAI, and Grok. AMD's latest version of its AI software stack, ROCm 7: The company says that this is to serve the growing demands of generative AI and the demand for more compute. The company says that this is going to enhance the experience for developers and features improved support for industry-standard frameworks and more. AMD also revealed its partner ecosystem: Seven out of ten of the largest AI model builders, including the likes of Meta, OpenAI, Microsoft, and xAI, are now on board with AMD for training their AI models, the company said. For instance, it was detailed how the Instinct MI300X is used for Llama 3 and for Llama 4 inference. Sam Altman, OpenAI CEO, also discussed hardware, software, and more. Other companies like Microsoft and Red Hat also joined them. MOBILE FINDER: iPhone 16 LATEST Price, Specs And More
