AMD's AI Chip Roadmap Keeps Bulls Interested Despite Valuation Concerns

Faizan Farooque

Mon, June 15, 2026 at 10:25 AM EDT 1 min read

This article first appeared on GuruFocus.

AMD (AMD, Financials) remains a favorite among some analysts as the company pushes deeper into AI chips.

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Wolfe Research reiterated its Outperform rating on the stock, pointing to AMD's upcoming GPU roadmap and expanding AI opportunity. The firm kept a $450 price target, even though AMD is already trading above that level after a major rally.

The focus is now on AMD's next AI products. The company is expected to share more details on its MI500 series at a July event, with MI600 deployment expected about 12 to 15 months after that.

For investors, the story is encouraging but not risk-free. AMD has strong momentum, but the stock has already priced in a lot of optimism. The next test will be whether new AI chips can translate into real customer wins and stronger revenue growth.