BMO Capital initiated coverage on Advanced Micro Devices (AMD) with an Outperform rating. The firm set a price target of $550.00. Analysts expect AMD to become a comprehensive provider of AI infrastructure, offering everything from GPUs to full-rack systems.
AMD reported 40% revenue growth over the last twelve months. Analysts forecast 47% revenue growth for fiscal 2026. The company’s Helios AI rack positions it to compete directly with Nvidia’s NVL72.
Helios shipments are scheduled to begin in September 2026. Major industry players including OpenAI, Meta, and Anthropic have already secured design wins. This positive outlook aligns with a generally bullish sentiment for AMD across Wall Street.