Bloomberg Surveillance · Tuesday, August 4, 2026
Angelo Zeno of CFRA believes AMD has significant upside potential in the AI market, aiming to close the gap with Nvidia. While Nvidia has a long-standing lead with its CUDA software and dominant AI accelerator market share, AMD is now shifting to rack-scale solutions and improving its software to attract more developers.
“there's a huge gap here and the biggest reason for the gap is you've got in Video, which essentially has been doing their Kuda software for let's call it two decades at this point in time, so they had a huge, massive lead in terms of the start of this AI revolution.”
“When you kind of look at AMD here, they are now starting to kind of shift to large scale rack scale solutions. Actually the Helius platform is ramping here, will ramp in Q three. More of the kind of the upside going to be in Q four and into Q one of next year.”
“But also when you look at what they're doing on the software side of things, they're now really starting to make some good progress there and you're going to see more developers on their platform, and that makes them a real kind of thread to in Nvidia kind of looking here over the next couple of years.”