AMD’s Lisa Su sees 35% annual sales growth driven by ‘insatiable’ AI demand
News Summary
AMD CEO Lisa Su projects the company's overall revenue growth to expand by about 35% annually over the next three to five years, driven by
Background
The current AI chip market is dominated by Nvidia, which holds over 90% market share, giving it a market capitalization exceeding $4.6 trillion. AMD, as the only other major developer of Graphics Processing Units (GPUs) aside from Nvidia, is actively seeking to capture a share of this rapidly expanding market. Companies are spending hundreds of billions of dollars on GPU chips to build and power AI applications, while also looking for alternatives to increase capacity and control costs. AMD reported $5 billion in AI chip sales in its fiscal year 2024, and its Epyc CPUs remain one of its most important products, primarily competing with Intel. This financial analyst day is AMD's first since 2022.
In-Depth AI Insights
Can AMD genuinely challenge Nvidia's dominance in the AI chip market, or is its