The chip maker’s new MI350 series AI accelerators are competitive with Nvidia’s Blackwell AI platform, according to HSBC — and their pricing hits a sweet spot.

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HSBC analysts upgraded their rating on AMD, noting that its latest series of chips can compete with Nvidia’s Blackwell GPUs.

Advanced Micro Devices (AMD) was upgraded to Buy from Hold by HSBC due in part to the pricing premium for the semiconductor company's new MI350 series versus competitors.

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