AMD CEO Lisa Su Warns of Sustained High AI Chip Demand
Advanced Micro Devices CEO Lisa Su stated that demand for AI chips will remain very high for years, reinforcing a positive outlook for the company's AI expansion. However, she also highlighted potential supply constraints that could limit AMD's ability to convert this demand into revenue.
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04:46:42 PM UTC
SquawkNews
Advanced Micro Devices, the CPU and AI-accelerator designer NASDAQ:AMD, rose roughly 2.1% to $644.975 in the October 6 snapshot. According to Barron's reporting, Citi set an $800 price target as Meta's persistent Muse workloads reinforced its server-processor thesis. That leaves about 24% upside. T…
Advanced Micro Devices NASDAQ:AMD CEO Lisa Su said chip demand is likely to remain very high for years, reinforcing the bullish case around the company’s AI expansion while also underscoring supply constraints that could determine how much of that demand AMD can convert into revenue. Su told repo…