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AMD's Lisa Su Sees 35% Annual Sales Growth Driven by 'Insatiable' AI Demand
AMD forecasts 80% annual growth in its AI data-center business and aims for double-digit market share amid strong demand and major partnerships, CEO Lisa Su said.
- On Tuesday, Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc. , said the company expects about 35% annual revenue growth over the next three to five years at its first financial analyst day since 2022.
- Earlier this year, Su noted customer traction and announced customers, highlighting long-term deals with OpenAI, Oracle and Meta as key growth drivers.
- Recent sales figures indicate AMD's AI data-center business expects 80% annual growth, plans rack-scale 72-chip systems, and reported $5 billion in AI chip sales in fiscal 2024.
- With Nvidia holding over 90% market share and a market cap over $4.6 trillion, Su said AMD could achieve a "double-digit" share in data-center AI chips.
- OpenAI's multi-year purchase will include billions of Instinct MI400X AI chips starting with 2026 capacity using 1 gigawatt, and it could take a 10% stake as MI400X chips ship next year.
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AMD CEO Lisa Su Speaks Out Against Fears Surrounding AI Investments, Claiming It’s the “Right Gamble”
AMD's CEO has spoken out against people who fear 'AI spending', claiming that investments into the technology would eventually lead to 'worthy' innovations. AMD's CEO Has Encouraged the 'Aggressive' AI Spending, Saying It Will Lead to Technological Progress AMD held its Financial Analyst Day yesterday, during which the firm announced several optimistic developments surrounding AI, consumer products, and revenue. The event was held after a three-…
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Total News Sources11
Leaning Left3Leaning Right0Center2Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 40%
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