AMD Stock: Wall Street Maintains Strong Buy Rating After CES 2026 Updates

TLDR

• AMD CEO Lisa Su unveiled the MI455 AI processors and MI440X enterprise chip at CES 2026 in Las Vegas.
• OpenAI President Greg Brockman appeared on stage, confirming chip advancements are critical to OpenAI’s computing needs.
• AMD previewed the MI500 chip for 2027, claiming 1,000 times the performance of older versions.
• The company launched Ryzen AI 400 Series processors and Ryzen AI Max+ chips for AI PCs and gaming.
• AMD stock edged higher following the announcements, with Wall Street analysts maintaining a Strong Buy rating and $282.33 average price target.

AMD CEO Lisa Su took the stage at CES 2026 in Las Vegas to reveal several new AI chip offerings. The presentation included the MI455 AI processors and the MI440X enterprise chip.

The MI455 processors are components in data center server racks. AMD is selling these racks to companies like OpenAI, the maker of ChatGPT.

Su also unveiled the MI440X during Monday’s event. This chip is a version of the MI400 series designed for on-premise business use.

Advanced Micro Devices, Inc., AMD

The MI440X fits into existing infrastructure that wasn’t specifically built for AI clusters. It’s based on an earlier chip that the U.S. plans to use in a supercomputer.

OpenAI Partnership Takes Center Stage

OpenAI President Greg Brockman joined Su on stage. He said chip advancements are critical to OpenAI’s vast computing needs.

The appearance underscored the partnership between AMD and OpenAI. In October, AMD signed a deal with OpenAI worth billions of dollars in annual revenue.

The first deployment of AI chips incorporating AMD’s MI400 series will roll out this year. AMD expects the OpenAI deal to lead to additional new sales.

MI500 Preview and Future Roadmap

Su previewed the MI500 chip during the presentation. The company claims it offers 1,000 times the performance of an older processor version.

AMD plans to launch the MI500 in 2027. The chip represents the company’s roadmap for future AI computing needs.

Su also hosted Daniele Pucci, CEO of Generative Bionics. Pucci unveiled GENE.01, a humanoid robot powered by AMD technology.

AMD launched its Ryzen AI 400 Series processors for AI PCs on Monday. The company also introduced Ryzen AI Max+ chips for advanced local inference and gaming.

These Zen 5-powered Ryzen AI Embedded processors run AI closer to where data is created. They don’t rely on massive cloud systems for processing.

AMD stock ticked higher following the CES announcements. Wall Street analysts maintain a Strong Buy rating on AMD stock.

The analysts’ consensus includes 29 Buy and nine Hold ratings over the past three months. The average AMD stock price target sits at $282.33, representing a potential 27.70% upside.

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