Key points from AMD Advancing AI 2026 conference: Agentic AI drives data center TAM jump, CPU and GPU have bright prospects (Goldman Sachs)
Goldman Sachs attended AMD's (AMD.US) "Advancing AI 2026" conference and distilled the core takeaways.
Goldman Sachs attended AMD's (AMD.US) "Advancing AI 2026" conference and distilled the core takeaways. The company believes that Agentic AI (intelligent AI) is driving the total addressable market (TAM) of data centers and CPUs to achieve step growth. This provides a broad market space for AMD's CPU and GPU product lines, especially in the fields of AI inference and edge computing. AMD is expected to gain more share with its cost-effective product portfolio. One sentence conclusion: AMD is at the forefront of the wave of infrastructure upgrades driven by Agentic AI. Its data center business has huge growth potential, not only limited to GPUs, but CPUs will also usher in a new growth cycle. Good/bad: Good for AMD (AMD.US) and the AI server industry chain. The market has high expectations for AMD's AI prospects, but the TAM expansion brought by Agentic AI may not be fully priced. Catalysts: 1) Performance and customer adoption of AMD's next-generation AI accelerators (such as the MI series); 2) September/October earnings season to verify whether AI revenue growth is in line with expectations; 3) Major CSPs (cloud service providers) purchase plans for AMD AI chips.