Over the past three months, a scan of AMD’s options markets flagged 32 unusually large trades, with call contracts outnumbering puts by a factor of more than two to one. The largest call tickets spanned strike prices from $140 to $280, suggesting that sophisticated investors are positioning for a substantial rally in AMD shares over the next year. This flurry of bullish bets accounted for an estimated notional value exceeding $200 million, underscoring growing confidence in the stock’s upside potential as the company ramps up its AI product roadmap.

AMD’s MI350 AI accelerator, set to ship in volume by mid-2025, represents a significant leap in inference performance, delivering up to 35× improvement over its predecessor and featuring 288 GB of next-generation HBM3E memory. In 2024, AMD’s data center GPU revenue nearly doubled to $12.6 billion, and the MI350 has already secured deployment commitments from tier-one customers including Microsoft, Meta, OpenAI and Oracle. These design wins validate both the chip’s technical edge and AMD’s growing ecosystem support via its ROCm software stack, narrowing the gap with the incumbent technology leader.

Analysts view AMD as one of the most compelling AI trades for 2026, citing the upcoming launch of its MI450 line and its expanding share of the GPU market. With semiconductor industry revenue forecast to surge by up to 30% to $1 trillion by 2026, AI infrastructure spending will drive demand for high-performance accelerators. AMD’s roadmap, which includes both MI350 and the next-generation MI450, positions the company to capture a larger slice of the projected $900 billion AI accelerator segment by 2030, supporting robust revenue and earnings growth over the next five years.