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AMD expects profit to triple by 2030, data center chip market to grow to $1 trillion
AMD forecasts data center chip earnings to triple by 2030 amid AI-driven market growth to $1 trillion, with plans to launch next-gen AI chips and server rack products.
- On Tuesday, Advanced Micro Devices projected $1000000 million in annual data center chip revenue within five years and said earnings will more than triple, Lisa Su told analysts in New York.
- AMD has pursued acquisitions including ZT Systems and MK1 in recent months, building "an M&A machine" to scale AI capabilities, Mat Hein said it will continue tuck-in software purchases.
- AMD plans to launch next-generation MI400 AI chips and a complete server rack, with Hu projecting 35% annual growth and earnings reaching $20 a share in three to five years.
- AMD's stock reaction showed shares rise 4% in choppy post-market trading after closing down 2.7% at $237.52, with a 16% gain since October 6 linked to the OpenAI deal; analysts call it a vote of confidence despite Nvidia's dominance.
- Broader market estimates show Nvidia CEO Jensen Huang has said the AI infrastructure market will grow to $3 trillion to $4 trillion by 2030, with AMD expecting growth in processors, networking chips, and specialized AI chips.
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Coverage Details
Total News Sources22
Leaning Left2Leaning Right1Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
L 20%
C 70%
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