Wall Street expert William Stein thinks AMD stock will drop 20 percent from current prices. The Truist Securities analyst keeps his hold rating on the chip company. Stein believes AMD customers only buy their products to make NVIDIA lower prices. He doubts people actually want AMD technology over the competition. The analyst set his price target at 111 dollars per share.
Amazon caused drama when their logo appeared on AMD customer lists and disappeared quickly. Stein talked to AMD managers about the mystery. Amazon prefers announcing partnerships at their events rather than through AMD materials. The cloud giant wants control over timing and messaging. This explains the logo vanishing act that confused investors.
Stein discovered AMD has built up huge product stockpiles that make no sense. The inventory buildup worries the analyst because companies usually avoid excess stock. He admits the situation is difficult to explain to clients. AMD management has not provided clear reasons for the accumulation. This adds uncertainty to future earnings predictions.
AMD launched new MI350 graphics cards that deliver four times more AI power. The chips also boost inference processing by 35 times compared to older models. Their ROCm 7 software platform improves performance by over three times. The company plans Helios AI systems for 2026 and newer versions for 2027. Another analyst expects AMD will make six billion dollars from AI sales this year.
Amazon caused drama when their logo appeared on AMD customer lists and disappeared quickly. Stein talked to AMD managers about the mystery. Amazon prefers announcing partnerships at their events rather than through AMD materials. The cloud giant wants control over timing and messaging. This explains the logo vanishing act that confused investors.
Stein discovered AMD has built up huge product stockpiles that make no sense. The inventory buildup worries the analyst because companies usually avoid excess stock. He admits the situation is difficult to explain to clients. AMD management has not provided clear reasons for the accumulation. This adds uncertainty to future earnings predictions.
AMD launched new MI350 graphics cards that deliver four times more AI power. The chips also boost inference processing by 35 times compared to older models. Their ROCm 7 software platform improves performance by over three times. The company plans Helios AI systems for 2026 and newer versions for 2027. Another analyst expects AMD will make six billion dollars from AI sales this year.
