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AMD rises over 3% after Rosenblatt and UBS hike price targets; Microsoft to use Helios AI platform
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AMD stock rose over 3% on Monday after Rosenblatt and UBS raised their price targets to $655 and $700 respectively, and Microsoft announced it will use AMD's upcoming Helios rackscale AI platform for Azure workloads. The Helios platform, combining AMD's Instinct MI455X GPU, Epyc Venice CPU, Pensando DPU, and ROCm software, is designed to compete with Nvidia's Grace Blackwell and Vera Rubin platforms. The news comes ahead of AMD's Advancing AI conference where CEO Lisa Su is expected to provide product roadmap updates. AMD stock has gained 139% year-to-date, driven by strong data center revenue growth from $6.5 billion in 2023 to an estimated $31.2 billion in 2026, offsetting a 25% decline expected in the Gaming segment.
Source report
By Daniel Howley · Technology Editor Mon, July 20, 2026 at 10:01 AM PDT · 2 min read
Stock Ticker Performance:
- AMD: +2.67%
- MSFT: +1.76%
- META: +0.64%
- ORCL: -3.33%
AMD (AMD) stock rose more than 3% on Monday after Rosenblatt and UBS raised their price targets on the stock, and Microsoft (MSFT) announced it will use AMD's upcoming Helios rackscale AI platform to power its Azure workloads.
The price target changes and Microsoft news come just days before AMD hosts its Advancing AI conference in San Francisco, California. The event will feature a keynote by CEO Lisa Su, who is likely to provide updates on the company's product roadmap and goals.
AMD Stock Performance
Price: $508.99 Change: +$13.22 (+2.67%) As of: 1:12:10 PM EDT, Market Open
Rosenblatt raised its price target on AMD stock to $655 from $490, while UBS increased its target to $700 from $670. According to Bloomberg data, the stock has an 82.4% Buy rating among analysts, with the remaining 17.6% holding Hold ratings.
Microsoft Deal and Helios Platform
The Microsoft deal marks an important step for AMD as it prepares to ship its Helios platform to customers, including Meta (META) and Oracle (ORCL), later this year.
Helios combines the company's Instinct MI455X graphics processing unit (GPU), Epyc Venice central processing unit (CPU), Pensando data processing unit (DPU), and ROCm software into a rackscale system designed to rival Nvidia's (NVDA) Grace Blackwell and Vera Rubin platforms.
Like Nvidia's offerings, Helios features 72 GPUs wired together to communicate with each other. Racks can also be tied together to create massive GPU clusters for heavy-duty AI computing.
However, Nvidia has already announced its next-generation Kyber rack, which will double the number of GPUs in a rack to 144.
Financial Performance and Outlook
AMD stock has climbed 139% year-to-date and 226% over the last 12 months, as cloud computing companies have expanded their use of CPUs in data centers to help power agentic AI workloads.
This growth has benefited AMD's bottom line:
- Data center revenue: Increased from $6.5 billion in 2023 to $16.6 billion in 2025
- Estimated 2026 data center revenue: $31.2 billion
The data center growth is expected to help offset softness in the company's Gaming segment, which is projected to see revenue decline 25% this year. Client revenue is expected to rise 11%.
Email Daniel Howley at dhowley@yahoofinance.com. Follow him on X at @DanielHowley.
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AMD Gains Microsoft as Customer for Helios AI System, Stock Rises