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AMD's Advancing AI event this week has attracted a number of positive commentaries from Wall Street analysts, despite the glaring absence of a new, major customer.
To wit, AMD has now officially unveiled its MI350 series GPUs, which are based on its 4th-gen Instinct architecture and will become available in the third quarter of 2025. According to AMD, these GPUs are capable of delivering a 4x increase in AI compute power and a 35x increase in inferencing capacity.
The company has launched the 7th iteration of the ROCm, an open-source platform that can be used to tweak the performance of AMD's GPUs. The chipmaker claims ROCm 7 delivers an average of 3.5x and 3x performance improvement in inference and training, respectively, over its previous iteration.
AMD has also unveiled its Helios AI rack solution, which combines MI400 GPUs with Zen-6-based Venice CPUs and Vulcano NICs. This platform is expected to launch in 2026.
Finally, AMD also teased the successor to Helios, which will launch in 2027 and leverage MI500 GPUs, Verano CPUs, and Vulcano NICs.
This brings us to the crux of the matter. Cantor Fitzgerald analyst, C.J. Muse, now sees AMD hauling in $6 billion in AI revenues in H2 2025, following the availability of MI350 GPUs in Q3. The analyst goes on to note:
"If AMD is able to scale its system-level solutions on time and without issues, like those seen at NVIDIA, we believe there could be considerable upside to our CY26 estimates for Data Center GPU (we currently model $8B but see upside potential for $10-12B)."
Muse does concede that a lack of announcement vis-à-vis new customers likely played a role in the underwhelming price action around AMD shares in the aftermath of the AI-focused event.
On the other hand, Bernstein analyst, Stacy Rasgon, was decidedly less bullish on AMD after the event, going so far as to note:
"Similar to last year, not bad but no huge surprises ..."
Rasgon points out the lack of announcement on new customers, but appreciates AMD's suggestion of a "material inflection in inference, likely growing at a >80% CAGR through the time period."
About the author: Writing is my one incontrovertible passion. Over the past six years, he has authored over 2,200 distinct articles on financial and tech-related topics, spanning nearly 1 million words. And he has been a member of Wcctech mobile team since 2025. As an alumnus of the University of Toronto, Rotman Commerce Program, I bring nuance, in-depth knowledge, and a unique perspective to every topic that I cover. When I'm not writing, I'm traveling the world, exploring hidden confectionaries and restaurants as an aspiring food connoisseur.
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