AMD: The Next Leg Higher

AMD's Advancing AI 2026 event transformed the company into a full-stack AI infrastructure provider with Helios, MI450, and Zen 6 Venice platforms. Microsoft, Meta, and OpenAI validated AMD's strategy through major AI infrastructure commitments, significantly expanding its long-term revenue opportunity. Consensus expects Q2 revenue of $11.31 billion and EPS of $1.61, while analysts issued 35 EPS upgrades and zero revenue downgrades. Revenue estimates now exceed $107.6 billion for 2028, implying the current premium valuation could compress rapidly as earnings accelerate. Despite execution and supply chain risks, expanding platform adoption, consistent earnings beats, and rising estimates continue supporting a strong buy outlook.

AMD's ( AMD ) Advancing AI 2026 event made my bullish investment thesis even stronger. I think that the market is still underestimating AMD's transformation from a challenger in AI accelerators to a full-stack