Advanced Micro Devices Inc (NASDAQ:AMD) stock surged on Wednesday following bullish long-term growth projections delivered by CFO Jean Hu. Speaking at Citi’s 2026 Global TMT Conference on Tuesday, Hu outlined an expanding push into artificial intelligence. The Nasdaq is down 0.05% while the S&P 500 has shed 0.30%, even as the technology sector is up 0.27%.
Massive Opportunity In Data Center Market
AMD stated its AI-related opportunity now reaches $2 trillion by 2030, reflecting faster adoption across computing markets. Executives described strong demand across GPUs, server CPUs, and system-level AI products. The company expects its data center business to double in 2027, reaching about $70 billion in sales.
While demand remains high, executives also warned that supply constraints persist. Despite these factors, AMD continues to push hardware deployments, having backed a $300 million loan for AI infrastructure startup Crusoe.
Regulatory Oversight Debate
