AMD Stock Gets $550 Price Target From BMO on AI Infrastructure Push

TLDR

• BMO Capital started AMD coverage with an Outperform rating and a $550 price target
• AMD’s Helios rack-scale AI platform is set to begin shipments in September
• AMD reported Q2 revenue of $11.54 billion, up 50% year over year, beating estimates
• OpenAI, Meta and Anthropic are among committed customers for Helios deployments
• AMD stock trades at a P/E ratio above 120, with a consensus Wall Street target of $546.95

AMD stock opened at $473.25 on Monday, sitting below its one-year high of $584.73, as Wall Street continues to debate whether the chip maker can close the gap on Nvidia in the AI infrastructure race.

Advanced Micro Devices, Inc., AMD

BMO Capital kicked off coverage of AMD with an Outperform rating and a $550 price target. Analyst Harsh Kumar framed the call around AMD’s evolution from a processor company into a broader AI infrastructure provider.

The centerpiece of that argument is Helios, AMD’s rack-scale AI platform. BMO sees it as a direct rival to Nvidia’s comparable systems, and shipments are expected to begin in September.

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