AMD Growth Outlook

2 months ago

Tom Keane

"And we're starting with Advanced Micro Devices, AMD. Uh it shares have been up as much as 5%. They're Nvidia's closest competition in AI chips. Okay, so it's CEO Lisa Sue. She said annual revenue growth will average more than 35% over the next three to five years. AMD's AI data center revenue is going to increase by an average of 80% over that same period. And it was this long look that was really key because investors, they've been really concerned about the massive spend. They say it's not sustainable. Its CEO said very confidently that it's not going to level off and they like that."

The commentary highlights AMD's strong growth expectations with guidance from CEO Lisa Sue, projecting over 35% annual revenue growth and 80% growth in its AI data center revenue over the next three to five years, countering investor concerns about sustainable spending.

Related Stocks