Executive Summary
AMD delivered record Q4 results with $10.3B revenue (+34% YoY) and $2.1B free cash flow, validating its transition from CPU challenger to AI infrastructure leader. CEO Lisa Su confirmed the MI450 series remains on track for H2 2026 launch, representing a critical inflection point for the company's data center AI business. The OpenAI partnership for 6 gigawatts of Instinct GPUs is proceeding as planned, with additional hyperscaler engagements expanding. Server CPU demand accelerated beyond season...
Key Investment Opportunity
Data Center AI Inflection Point
MI450 launch in H2 2026 represents AMD's transition from niche AI player to scaled competitor, with rack-level solutions addressing hyperscaler requirements for training and inference workloads
This is a preview. Log in to see the full analysis including investment opportunities, risks, catalysts, and detailed insights.