A few months back, Wall Street analysts were generally bearish on AMD’s AI GPU business, with Wolfe Research noting in December 2024 that “AMD won’t be in a position to guide AI for CY25.” The prevailing sentiment was perfectly captured by the president of comma.ai, George Hotz, when he declared in January 2025 that “nobody at comma wants to deal with AMD.” However, things have finally started to improve for AMD, as pointed out by JP Morgan analyst Harlan Sur in his latest note. To wit, JP Morgan recently held investor meetings with AMD’s CEO, Lisa Su, and came away with […]
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