CEO Lisa Su said that the data center business has risen from the fourth to first quarter and demand for its CPUs is "going gangbusters."
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Advanced Micro Devices
CEO Lisa Su defended the company’s lackluster forecast, telling CNBC on Wednesday that the chipmaker has seen a step up in demand over the last two to three months.
Shares tanked 13% Wednesday.
“What I would tell you from someone on the inside is AI is accelerating at a pace that I would not have imagined,” she told CNBC’s “Squawk on the Street,” adding that demand continues to outstrip compute needs.
CEO Lisa Su highlighted the growing demand for central processing units, doubling her long term forecast after strong…
Su said that AMD could be able to achieve "double-digit" share in the data center AI chip market over the next three to five…
Many of AMD's hyperscaler customers have beefed up spending as AI reaches an "inflection point" and companies can see the return…
Data center sales are now “the primary driver of our revenue and earnings growth,” according to CEO Lisa Su. AI agents are…
The chipmaker is working on a major deal with OpenAI
The chipmaker fell short of earnings expectations and raised concerns about the timing of a restart in China shipments.
