Roth MKM reiterated a Purchase ranking on AMD (NASDAQ:) shares and lifted its value goal from $180 to $200, saying its current acquisition of Silo AI ought to enhance the chipmaker’s aggressive place.
“We consider AMD’s current AI software program acquisition and the a number of further acquisitions that got here beforehand can drive growing adoption of opensource AI software program instruments and assist shut the hole with main proprietary AI frameworks,” analysts at Roth MKM mentioned in a word.
“We consider AMD’s bettering software program place will drive growing traction for the corporate’s Intuition AI processor household,” they added.
Silo AI, the most important personal AI lab in Europe, makes a speciality of integrating AI into merchandise, providers, and operations throughout varied industries. Serving purchasers like Allianz, Philips, Rolls-Royce, and Unilever, Silo AI is understood for creating open-source multilingual Massive Language Fashions (LLMs) akin to Poro and Viking, that are constructed on AMD platforms.
Silo AI has highlighted its involvement in over 200 AI implementations throughout Europe and North America and presently employs greater than 300 AI specialists.
“This acquisition additional deepens AMD’s inside AI implementation and open ecosystem capabilities — complementing AMD’s acquisitions of Mipsology and Nod.ai ” Wells Fargo analysts famous.
Mipsology is an AI software program firm centered on enhancing AMD’s full AI software program stack capabilities, together with instruments, libraries, and fashions, whereas Nod.ai supplies open software program designed to speed up AI answer deployments throughout AMD’s AI portfolio.
Wells Fargo additionally lifted its AMD value goal from $190 to $205.
AMD mentioned it has invested over $125 million in a dozen AI firms over the previous 12 months.
