AMD's Strong Revenue Growth Outlook Amid AI Competition

2 months ago

Rachel Poola

"Yeah, I think no one expected it, especially with Nvidia um kind of taking the spotlight earlier today. Um and AMD, you know, is clearly one of Nvidia's biggest a uh AI chips rivals. Um so I think that the kind of the stock move kind of came after the company says it expects annual revenue growth to be more than 35% on average over the next 3 to 5 years. uh um CEO Lisa Sue was like speaking at a company event today. Um and I think the numbers likely appease fears that there's been a lot of uh hype and froth over AI right now and you know all the huge spending on new um new AI computing systems can't be sustained but um I guess those numbers uh you know are making investors kind of happy."

The commentary highlights AMD's expectation of over 35% annual revenue growth over the next 3 to 5 years, positioning it as a significant AI chip rival to Nvidia. The remarks suggest that the strong growth forecast is easing investor concerns amidst widespread AI hype.

Related Stocks