AMD stock surged as CEO Lisa Su revealed strong demand for the company’s AI data-center technology, which has translated into sales. AMD’s stock jumped as much as 2% to an intraday high of $111.45 at Goldman Sachs’ Communacopia + Technology investment conference in San Francisco. AMD’s data-center figures fell from a year ago, but the firm did not report comparable AI chip sales. This year, both Nvidia and AMD released new AI CPUs, Nvidia in March and AMD in July. Su stated that China might account for 20% to 25% of the company’s sales.
Su, who has been with AMD since 2012 and was named CEO in 2014, emphasized that the firm has evolved into a full-service provider to data centers. By 2027, she predicts a $150 billion acceleration market. Central processing units, graphics processing units, and “field-programable gate arrays,” which are utilized as accelerators in data centers to raise computing capacity and improve power efficiency in current physical locations, are all required in data centers.
Following the debut of a new generation of AI data-center chips, Nvidia blasted over Wall Street projections for data-center sales by more than $2 billion in late August results and provided a third-quarter revenue outlook of more than $3 billion. AMD shares have increased by more than 70% year to date, while Nvidia shares have increased by more than 230%.
