La estrategia de infraestructura desarrollada por AMD mediante inteligencia artificial: una amenaza estratégica para Nvidia, pero una compra recomendable para el año 2026.

The global AI infrastructure race is entering a pivotal phase, with AMD emerging as a formidable challenger to Nvidia's long-standing dominance. As AI workloads surge toward yotta-scale computing, AMD's strategic investments in open, modular platforms like the Helios yotta-scale system, coupled with its Ryzen AI PCs and embedded AI chips, position the company to outpace Nvidia in both innovation and long-term profitability. This analysis argues that AMD's holistic approach to AI infrastructure-spanning data centers, edge devices, and consumer markets-offers a compelling investment thesis for 2026, while Nvidia's overreliance on speculative valuations and a narrowing consumer strategy creates vulnerabilities.

Helios: Redefining Yotta-Scale AI Infrastructure

AMD's Helios rack-scale platform represents a paradigm shift in AI infrastructure, designed to deliver up to 3 AI exaflops of performance per rack-a 100-fold leap from today's capabilities. Built on the Instinct MI455X GPUs, EPYC "Venice" CPUs, and Pensando "Vulcano" NICs, Helios integrates high-bandwidth, low-latency components under the open ROCm software ecosystem as AMD unveiled at CES 2026. This modular design not only optimizes trillion-parameter model training but also aligns with the Open Compute Project's (OCP) Meta Open Rack Wide (ORW) standards, ensuring interoperability and scalability for global data centers.

Hewlett Packard Enterprise (HPE) has already committed to adopting Helios, marking it as the first major OEM partner. HPE's Herder supercomputer, built on Helios and MI430X GPUs, is slated for delivery by late 2027. This partnership underscores AMD's ability to scale its vision into tangible infrastructure, contrasting with Nvidia's increasingly proprietary approach. By 2027, AMD plans to launch the MI500 Series GPUs, built on CDNA 6 architecture and 2nm process technology, which promise a 1,000x performance boost over the MI300X. Such advancements position Helios as a direct competitor to Nvidia's NVL72 system, particularly as AI demand surges toward 10 yottaflops of global capacity by 2030.

Ryzen AI and Embedded Chips: Expanding AI's Reach

AMD's AI ambitions extend beyond data centers. At CES 2026, the company unveiled the Ryzen AI 400 Series and Ryzen AI Pro 400 Series, featuring a 60 TOPS NPU for on-device AI inference in premium notebooks and desktops. These platforms enable local AI-driven content creation, gaming, and productivity tools, reducing reliance on cloud-based solutions. The Ryzen AI Halo Developer Platform, a compact desktop for local AI model development, further strengthens AMD's ecosystem.

Simultaneously, AMD is targeting edge computing with Ryzen AI Embedded processors, tailored for automotive digital cockpits, smart healthcare, and autonomous robotics. This diversification mirrors CEO Lisa Su's vision of AI transitioning from centralized cloud systems to "physical AI" embedded in billions of devices as AMD shared at CES 2026. By 2026, AMD aims to capture 40% of the client market and 70% of the embedded segment, creating a flywheel effect that amplifies its AI infrastructure play.

80% AI Segment Growth: A Credible Target?

AMD's aggressive 80% CAGR target for data center AI revenue is underpinned by concrete partnerships and product pipelines. The company's collaboration with OpenAI, including a $6 gigawatt GPU deployment agreement, ensures a steady demand for its Instinct GPUs. Additionally, AMD's $150 million AI education initiative and participation in the U.S. government's Genesis Mission highlight its commitment to democratizing AI access.

Financially, AMD's data center segment is projected to grow at a 60% CAGR, driven by Helios and MI500 adoption. This contrasts with Nvidia's 92% GPU market share in 2025, where gaming revenue growth has plateaued. While Nvidia's data center revenue hit $51.2 billion in Q3 2026 (up 66% YoY), its gaming segment grew just 1% sequentially, reflecting a 30–40% production cut in consumer GPUs. AMD's balanced strategy-prioritizing both high-margin data center AI and consumer/gaming markets-creates a more resilient revenue model.

Nvidia's Overvaluation and Strategic Risks

Nvidia's current valuation-trading at a forward P/E of 25x versus AMD's 42x-appears attractive on paper. However, its P/S ratio of 24.69 and P/B ratio of 38.45 suggest speculative overvaluation. The company's pivot to data center AI has come at the cost of consumer market share, with gaming revenue growth slowing to 1% in Q3 2026. While Nvidia's CUDA ecosystem remains a moat, its closed architecture and reliance on cloud providers like OpenAI and Google Cloud expose it to long-term risks as open standards gain traction.

AMD's ROCm open software, which saw a 10x increase in downloads YoY, is gaining developer momentum, further eroding Nvidia's first-mover advantage. Additionally, AMD's partnerships with HPE and OpenAI provide a diversified revenue stream, reducing exposure to single-client dependencies.

Conclusion: A High-Conviction Buy for 2026

AMD's Helios platform, Ryzen AI PCs, and embedded AI chips form a cohesive strategy to dominate the AI infrastructure landscape. With Lisa Su's clear vision, aggressive growth targets, and a $51 billion revenue projection for 2026, the company is uniquely positioned to capitalize on the $1 trillion compute market. While Nvidia's data center dominance is undeniable, its overvaluation and consumer disengagement create a window for AMD to outperform. For investors seeking exposure to the AI megatrend, AMD offers a compelling combination of innovation, scalability, and financial discipline-making it a high-conviction buy for 2026.