AMD just pulled the pin. The MI350 chip, previously priced at $15,000, is now selling for $25,000. That’s a 67% jump. HSBC analysts say the chip now rivals Nvidia’s Blackwell B200 in performance. The MI355X variant, launched in June, is already shipping to Tesla and OpenAI. AMD’s 2026 AI chip revenue forecast was revised from $9.5B to $15.1B. That’s a $5.6B bump based on a single pricing move.
MI350 carries 288GB of HBM3e memory and hits 20.1 petaFLOPS of FP8 compute. Nvidia’s B200 still leads in sparse FP16 throughput, but AMD’s memory bandwidth and cost-per-performance are pulling hyperscalers into the fold. The MI355X rollout is expected to drive $1.65B in data center GPU sales in Q3, even with an $800M drag from MI308X export restrictions.
Stock is reacting. AMD closed at $172.43, up 3.6% on the day. It’s gained 44% year-to-date and 80% in the last three months. Options flow shows heavy call buying on $180–$200 strikes. UBS and Melius raised price targets to $210 and $175, respectively.
The export backdrop matters. The Commerce Department paused new restrictions on chip exports to China. Financial Times confirmed the Bureau of Industry and Security was told to delay enforcement to avoid disrupting trade talks. Trump is preparing to meet Xi Jinping in Stockholm later this year. That’s the context for the Senate letter signed by Schumer, Warren, Warner, Reed, and Coons. They’re demanding an immediate reversal, calling the move “extremely troubling.”
Inside Arizona, local contractors building AMD’s supply line say Taiwan-made units cost 15% less but won’t reach U.S. facilities until December. CEO Lisa Su confirmed the first Helios rack-scale deployments are already staged. The MI400 series, slated for 2026, will push up to 432GB of HBM4 memory and 19.6 TB/s bandwidth. AMD’s Helios solution will bundle 72 MI400 GPUs with Venice EPYC CPUs and Vulcano NICs. That’s the real play against Nvidia’s NVL72.
Nvidia’s CUDA still dominates. AMD’s ROCm 7.0 made progress, but test coverage is under 10% of CUDA’s. That affects model reliability and cloud accessibility. Only a handful of providers offer MI300X rentals. Nvidia’s H100 and B200 are available from over 100 vendors. AMD’s open-source strategy is gaining traction, but it’s not there yet.
https://www.benzinga.com/markets/tech/25/07/46665280/what-is-going-on-with-amd-stock-on-monday
https://wccftech.com/amd-hikes-the-price-of-its-instinct-mi350-ai-accelerator-by-70-percent/
https://www.gurufocus.com/news/3009455/amd-stock-jumps-as-ai-chip-prices-soar-ahead-of-q2-earnings