BMO Capital Initiates AMD at Outperform, $550 PT
BMO Capital analyst Harsh Kumar initiated coverage on AMD (NASDAQ: AMD) with an Outperform rating and a $550 price target on August 21, 2026.
“We are initiating coverage of AMD at Outperform and $550 price target.
AMD is on the verge of becoming a complete AI infrastructure provider, offering solutions that span from GPUs, CPUs, and DPUs, to full-rack AI systems.
Helios AI rack positions AMD as the closest competitor to NVDA NVL72.
Helios is expected to start shipping in September ’26 and has already secured multiple design wins including OpenAI, Meta, and Anthropic.
We believe AMD is positioned well to capture incremental share in AI infrastructure, a meaningful growth vector for AMD.”
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