AMD opened up a little over 6%. Overnight, Oppenheimer upgraded its rating from “Perform” to “Outperform” and set a $600 price target. A month ago, nobody would’ve dared say that—it was still down 26% at the time.
The reasons are pretty specific: data center revenue is expected to rise another 135% in 2027, accounting for 85% of total revenue; MI500 is set to launch in the second half of next year; and the Anthropic partnership is expected to start ramping up at the end of next year’s first quarter. The industry leader got hammered right out of the gate today. The market’s already showing where the money’s moving, isn’t it? Haha.
The reasons are pretty specific: data center revenue is expected to rise another 135% in 2027, accounting for 85% of total revenue; MI500 is set to launch in the second half of next year; and the Anthropic partnership is expected to start ramping up at the end of next year’s first quarter. The industry leader got hammered right out of the gate today. The market’s already showing where the money’s moving, isn’t it? Haha.