AMD stock jumps as MI450 demand beats expectations
Goldman Sachs raised its price target to $640 as CEO Lisa Su said customer forecasts for the Helios platform are exceeding initial estimates.
EBElena Brandt
Published 8 Jul 2026, 01:12Updated 10 Nov 2026, 09:231 min read
- ▸AMD shares are up 158% year-to-date as of early July 2026
- ▸Goldman Sachs raised its AMD price target to $640 from $450 on July 6
- ▸CEO Lisa Su said customer engagement around the MI450 series and Helios platform is "exceeding our initial expectations"
- ▸Nvidia still holds a commanding 70-80% share of the AI chip market
- ▸AMD's MI300 series and partnerships with OpenAI and Oracle underpin its challenger position
A credible challenger, not yet a rival
AMD's gains this year read less as Nvidia losing ground and more as the market pricing in a genuine second supplier finally emerging — insurance against supply constraints that enterprise buyers have wanted for years.
Source: Silicon Analysts
