AMD CEO Says the AI Market Is ‘Skyrocketing’

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The CEO of Advanced Micro Devices says demand for artificial intelligence semiconductors remains strong.

On Tuesday, during a session at the Goldman Sachs Communications and Technology Conference in San Francisco;

AMD

(Ticker: AMD) CEO Lisa Su offered a glowing review of the AI ​​trend.

“The first, second and third priorities are around AI, AI, AI,” she said. “Over the last thirty days, what we’ve seen is a continued acceleration of engagement” in the data center. Su added that the market is “touching”.

A.D.D. It rose 1% to $110.55 in afternoon trading on Tuesday.

His recent positive comments are noteworthy. During an earnings call on Aug. 1 a month ago, AI’s customer engagement increased more than seven times last quarter. A further improvement in demand indicates that the market is not yet finished.

At the Goldman conference, the CEO emphasized that AMD is one of the few companies that offers a complete AI technology portfolio across chips and software. She said AMD has the supply chain connections to maintain the capabilities needed to become a major player in the AI ​​semiconductor market, including advanced chip packaging and advanced memory chips.

Finally, the executive reiterated that she expects the market for AI accelerators in data centers to reach $150 billion by 2027. And she confirmed that AMD’s upcoming MI300 AI accelerator is on track to launch in the fourth quarter.

AMD stock is up about 37 percent over the past 12 months and is up 43 percent.

iShares Semiconductor ETF
( SOXX ) ETF tracks the performance of the ICE Semiconductor Index.

Write to Tae Kim at [email protected]