A top Wall Street analyst raised AMD’s price target to $345, implying a 49% upside. Other analysts also increased targets: UBS to $300, Piper Sandler to $280, KeyBanc to $270, and Morgan Stanley to $260. AMD is gaining ground against Nvidia, with a 96% stock increase last year.

AMD’s data center sales hit $4.3 billion in Q3, with a 22% increase year-over-year. Q4 sales are guided to $9.6 billion, showing a 25% growth. Analysts believe AMD’s strong roadmap will lead to higher earnings power in the coming years, challenging Nvidia’s dominance in the AI chip space.

AMD’s Helios platform integrates CPUs, GPUs, networking, and software at scale, offering a full AI rack solution. This shift in strategy positions AMD as a competitive player in the AI market. CEO Lisa Su highlighted Helios’ potential at CES, emphasizing the company’s ability to provide a comprehensive AI infrastructure.

With Helios, AMD can offer a complete AI rack solution, increasing wallet share per deployment and staying relevant in the market. The platform enables AMD to sell CPUs, GPUs, and networking together, positioning the company for success in the evolving AI landscape. This shift represents a significant opportunity for AMD’s future growth and competitiveness in the AI sector.

Read more at Yahoo Finance: 5-star analyst drops jaw-dropping price target on AMD stock