Face Nvidia head-on! AMD to hold its first analyst day in three years, MI400 series becomes market focus

AMD may provide detailed disclosures about its artificial intelligence chip and system business plans at its Analyst Day, especially regarding the MI400 series AI chip roadmap. The market is closely watching to see if it can expand its market share in the AI chip sector dominated by Nvidia. On November 11, reports indicate that AMD will hold its first Analyst Day in three years at 2:00 a.m. Beijing time on Wednesday, where it is expected to announce detailed plans for its AI chip and system business. The chip designer is seeking to rapidly expand its AI business and compete with Nvidia, which dominates the data center chip market. The market is focused on AMD’s upcoming next-generation MI400 series AI chips, scheduled for release in 2026. The series will include multiple variants targeting scientific applications and generative AI. AMD also plans to launch a complete server rack solution similar to Nvidia's GB200 NVL72 product. Analysts expect AMD to update its financial targets and market outlook. The company’s stock price rose about 5% on Monday to near $244, with the year-to-date gain nearly doubling. Wall Street analysts remain optimistic, with 7 out of 10 analysts giving the stock a "Buy" rating. According to a WallStreetCN article, last week AMD issued a Q4 revenue forecast that exceeded Wall Street expectations, with AI chip demand bringing optimism to the company’s management. Previously, AMD signed a multi-year agreement with OpenAI, which is expected to bring more than $100 billion in additional revenue over four years. MI400 Chip Series Targeting 2026 Launch AMD’s next-generation MI400 series AI chips are a key highlight of Analyst Day. Reports say this series is planned for launch in 2026 and will include several variants for scientific and generative AI applications. Beyond the MI400 chips, AMD also plans to launch a complete server rack solution, directly competing with Nvidia’s GB200 NVL72 product, showcasing AMD’s ambitions in the AI infrastructure market. As usual, heads of AMD’s various business units will present a series of forecasts and financial expectations for the coming years. In addition to AI chips, the company will also discuss its PC and video game chip business, as well as its programmable chip division. Analysts See Room for Upward Financial Target Revisions Analysts from Bank of America, Citigroup, and Jefferies say they will closely watch AMD’s updated outlook and financial targets. Analysts believe that if AMD raises its overall addressable market estimate due to booming AI demand, it may boost investor confidence in the stock. According to data compiled by Visible Alpha, of the 10 Wall Street analysts covering AMD, 7 give a "Buy" rating and 3 are neutral. The average target price is about $269, nearly 10% above Monday’s closing price. AMD’s stock price has nearly doubled this year, with recent gains mainly driven by a series of large AI orders, including collaboration with ChatGPT maker OpenAI. The Monday rally also benefited from broad market gains due to optimism that Congress may soon reach an agreement to end the US government shutdown. AMD’s multi-year agreement with OpenAI is expected to bring more than $100 billion in incremental revenue over four years from OpenAI and other customers. As part of the agreement, OpenAI will receive warrants allowing it to purchase up to a 10% stake in AMD. Analysts point out that this partnership is highly significant for AMD. Although the company has performed strongly in the data center market, it has yet to secure outsized returns in the AI spending boom like rival Nvidia. Nvidia currently dominates the data center AI chip market and continues to expand its market share. Risk Warning and Disclaimer: The market entails risks; investments require caution. This article does not constitute individual investment advice and does not take into account the specific investment objectives, financial situation, or needs of any particular user. Readers should consider whether any opinions, views, or conclusions in this article apply to their own conditions. Investments are made at their own risk.