AMD Showcases MI350 Chips and Helios System to Expand AI and 5G Solutions, TD Cowen Reaffirms Buy

Advanced Micro Devices, Inc. (NASDAQ:AMD) is on our list of the 10 best 5G stocks to invest in according to analysts. Following the company’s Advance AI event on June 13, TD Cowen maintained its Buy rating and $115 price target on Advanced Micro Devices, Inc. (NASDAQ:AMD).

AMD’s ROCm 7 software platform, new MI350 series chips, and the company’s first rack-scale solution, the MI400 “Helios,” were also on display during the event. Although the event did not provide any financial details, TD Cowen states that the company is “laying important groundwork to more effectively participate in the AI TAM.”

AMD’s recent acquisition of ZT Systems was also stated to have made it possible for the company to make the strategic move into multigenerational, comprehensive system solutions. The company further showed its dedication to AI software development by making numerous deals to support large-scale cluster workloads and modeling solutions.

A prominent multinational semiconductor company, Advanced Micro Devices, Inc. (NASDAQ:AMD) operates in a number of categories, including embedded, client, gaming, and data center. AMD, with operations all over the world, is also stepping into the telecom industry with an emphasis on 5G and computing advancements.

While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.