AMD's AI Sales Set to Overtake Server CPUs, William Blair Says

What happened

William Blair raised its rating on AMD from Market Perform to Outperform and lowered its Nvidia rating from Outperform to Market Perform. The firm pointed to scrutiny of Nvidia and possible leadership uncertainty, along with AMD’s competitive position and business outlook. The reports said Jensen Huang resigned as Nvidia CEO, but give no further details.

Global impact / market context

The rating changes reflect one firm’s view that AMD may benefit as Nvidia faces scrutiny and leadership uncertainty. William Blair also cited AMD’s business outlook and competitive position. These are the firm’s judgments, not confirmed outcomes for investors.

What to watch

1. Check whether William Blair gives more detail about Nvidia’s scrutiny and leadership uncertainty; these were cited as possible openings for AMD.
2. Check AMD’s reported data-center AI revenue against its server CPU business in the fourth quarter; the firm expects AI revenue to be higher.
3. Check whether AMD reports the more than 80% revenue growth William Blair forecasts for next year.

Affected assets

• Advanced Micro Devices, Inc.
• Intel Corporation
• NVDA

Evidence

• Infoway News — AMD upgraded because it will benefit from Nvidia's 'leadership vacuum' 2026-11-13T01:17:07+00:00
• Infoway News — AMD Has Opportunity As NVDA Faces Scrutiny And Potential Leadership Vacuum, William Blair Says — Sees Runway For Shares 2026-11-12T12:24:57+00:00
• Infoway News — AMD's AI Sales Set to Overtake Server CPUs, William Blair Says 2026-11-12T11:18:34+00:00
• Incident timeline — AMD upgraded because it will benefit from Nvidia's 'leadership vacuum'
• Incident timeline — AMD Has Opportunity As NVDA Faces Scrutiny And Potential Leadership Vacuum, William Blair Says — Sees Runway For Shares
• Incident timeline — AMD's AI Sales Set to Overtake Server CPUs, William Blair Says