At its Advancing AI event last week in San Jose, the chip maker unveiled the AMD Instinct MI350 series of chips, which are designed to compete with market leader Nvidia The company also previewed its Helios rack, powered by Instinct MI400 series chips, which will be released in 2026 and made available in configurations of up to 72 chips in one server. AMD shares slipped during the event Thursday and held steady on Friday. Analysts at Piper Sandler left last week’s conference and an analyst call on Friday upbeat about AMD, maintaining an Overweight rating on the stock and lifting their price target to $140 from $125.