AMD Extends Enterprise AI Push as Dell Adds Instinct MI350P to PowerEdge Servers
The tie-up signals on‑prem AI growth driven by demand for accelerators that fit existing racks with lower power and cooling needs.
Overview
- Dell Technologies expanded its PowerEdge lineup to support AMD's Instinct MI350P PCIe GPUs for on‑premises AI deployments.
- AMD says the MI350P lets enterprises run more models and serve more users while cutting memory, power, and cooling demands in existing data centers.
- AMD reported first‑quarter revenue of $10.25 billion and earnings of $1.37, beating estimates, with data center sales reaching $5.8 billion on strong EPYC demand and a ramp in Instinct shipments.
- Reuters reported that AMD forecast second‑quarter revenue above Wall Street expectations as demand for AI chips stayed strong.
- Following the results, Goldman Sachs and Bernstein upgraded AMD and lifted targets to $450 and $525, citing agentic AI tailwinds and the company’s stack spanning Instinct GPUs, EPYC CPUs, and Ryzen PCs with NPUs.