Advanced Micro Devices (NASDAQ: AMD)
Helios Launch Could Power AMD’s Next Big Leg Higher
AMD continues to deliver on one of the strongest growth stories in tech — and the next catalyst is taking shape. Bank of America just raised its price target on the stock from $250 to $300, projecting nearly 30% upside from where shares currently trade around $233.
The driver behind this new optimism is Helios, AMD’s rack-scale AI hardware platform that’s no longer just a concept — it’s now a working system, publicly demonstrated for the first time at the OCP Global Summit in San Jose this month. Helios will roll out in the second half of next year and is already backed by heavyweights like Oracle, Meta, and OpenAI. That kind of early customer lineup suggests strong commercial traction ahead.
What makes this platform especially significant is that AMD is positioning Helios as part of an open, vendor-agnostic AI ecosystem — compatible across CPUs, accelerators, NICs, and switches — rather than locking customers into a proprietary framework. That move could win it business from companies seeking flexibility and cost control as they scale AI infrastructure.
Meanwhile, AMD’s momentum across its CPU and data center businesses remains solid. The company has steadily taken market share from Intel, thanks to its consistent use of cutting-edge TSMC manufacturing nodes. With Helios now going from prototype to production, AMD appears to be entering a new phase of visibility and competitive strength in AI infrastructure — and investors may want to get in ahead of that inflection.
