In an interview with CNBC’s ‘Squawk on the Street’ earlier this week, AMD’s CEO, Lisa Su, shared insights on the company’s AI ambitions and quarterly earnings, highlighting the significant market opportunity AI presents.
“I’m so excited to be in this space. AI in particular, $400 billion TAM in 2027 is about changing the way we do everything,” said Su, before adding that the transformative potential of AI as “the most important technology that has come over the last 50 years.”
Su further elaborated on AMD’s strategic positioning.
“We’ve spent the last few years positioning AMD as an AI company, and we’ve made significant progress in that,” she said.
This statement underscores AMD’s commitment to becoming a key player in the AI industry. The discussion also touched on AMD’s recent achievements and future revenue forecasts.
“We ramped, we launched our MI-300 here just in December, and we said we were going to do over $400 million of revenue,” she said. “We exceeded that. We said we were going to do $2 billion of revenue in 2024. We’ve now updated that to over $3.5 billion in revenue.”
Addressing the broader implications of AI on productivity and the economy, Su commented: “We are definitely seeing the stages where AI is making us more productive. It will definitely make us more productive going forward.”
She also pointed out the importance of AI in enhancing efficiency across various sectors, including healthcare and business decision-making.
Su’s perspective on the semiconductor industry’s dynamics, especially in light of the pandemic-driven demand, provided context for AMD’s operational strategy. She concluded with optimism about the future, indicating that the current market adjustments are temporary and projecting growth in the latter half of the year.
Featured image: Credit: CNBC
