AMD Stock’s Quiet Edge In AI Inference (NASDAQ:AMD)

Summary

• AMD’s Q2 2025 data center revenue reached $3.24 billion, up 14% year-over-year, with EPYC CPUs powering 1,200+ cloud instances.
• The $800 million MI308 impairment weighed on results, but MI355 promises 40% more tokens per dollar versus Nvidia’s B200.
• AMD’s MI400 “Helios” platform launches in 2026 with 40 PF FP4 performance and 50% more memory bandwidth, designed at rack scale.
• Over 40 sovereign AI projects, including the University of Maine, diversify demand beyond hyperscalers and provide predictable multi-year revenue streams.
• AMD trades at 40.4x FY25 and 26.2x FY26 forward P/E, supported by EPS growth from $3.90 to $6.01.

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