AMD's Next AI Catalyst: MI450

Yiannis Zourmpanos14.97K FollowersFollow5ShareSavePlay(9min)CommentsSummaryAMD generated $34.6B in revenue in 2025, with growing hyperscaler demand from OpenAI, Meta, and Oracle supporting its next GPU cycle.The EPYC CPU and Instinct GPU flywheel is strengthening, with server CPU demand rising and the Venice platform seeing strong early demand.MI355X GPUs show competitive inference performance, delivering strong token throughput and solid performance-per-cost in certain FP8 workloads.Consensus estimates project EPS rising from $6.64 (2026) to $14.45 (2028) as revenue grows from $46.5B to $85B.The MI450 and Helios rack-scale systems launching in H2 2026 mark AMD’s shift from selling chips to delivering full AI infrastructure platforms. imaginima/iStock via Getty Images Investment Thesis AMD (AMD) is still misunderstood and broadly perceived as a strong CPU player and a secondary player to Nvidia (NVDA) in the GPU space. I still think that is an incorrectThis article was written byYiannis Zourmpanos14.97K FollowersFollowHi, I'm Yiannis. Spotting winners before they break out is what I do best.Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accountant, Fellow Member of ACCA Global, with BSc and MSc degrees from U.K. business schools. Investment Style: Spotting high-potential winners before they break out, focusing on asymmetric opportunities (with at least upside potential of 3-5X outweighing the downside risk). By leveraging market inefficiencies and contrarian insights, we seek to maximize long-term compounding while protecting against capital impairment.Risk management is paramount—we seek a strong margin of safety to protect against capital impairment while maximizing long-term compounding. Our 2-3 year investment horizon allows us to ride out volatility, ensuring that patience, discipline, and intelligent capital allocation drive outsized returns over time.Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMD, NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.