Advanced Micro Devices (NASDAQ: AMD) is set to hold its Advancing AI event on July 22-23, 2026, where it is expected to unveil new AI-focused platforms and its product roadmap. The company has seen its shares rise by 131% in the first half of 2026, despite a recent 5% drop due to concerns surrounding the semiconductor sector.
During this upcoming event, AMD may announce significant customer wins, including additional details on its Helios rack-scale server platform, which has already been adopted by Meta Platforms and boasts 432 GB of high-bandwidth memory, surpassing Nvidia’s offering. Analysts suggest that if AMD can attract more customers, investor confidence may recover and propel the stock higher.
AMD’s earnings per share are projected to increase by 77% this year, expected to reach $7.39, potentially driving its stock price up by 41% to $732 by 2028 if it maintains a similar valuation to the Nasdaq Composite index.
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