Jefferies sets high expectations for AMD's "Advancing AI" event on July 22. The firm anticipates AMD will announce significant new customer collaborations. Microsoft and Anthropic are potential partners for its AI accelerators.
Jefferies also expects the event to feature updates on AMD’s next-generation MI400 and MI500 series GPUs. The firm forecasts an increased CPU total addressable market of over $200 billion. The preview follows a wider market sell-off in semiconductor stocks. This places a spotlight on AMD to validate its growth narrative in the competitive AI landscape.