Lisa Su, the CEO of Advanced Micro Devices (AMD), has a compelling vision for the company’s future in the rapidly expanding artificial intelligence (AI) sector. In a recent interview on CNBC’s Squawk on the Street, Su expressed her confidence in AMD’s ability to leverage the growing demand for AI compute technology.
Su highlighted that AI compute solutions are not one-size-fits-all and will continue to advance, leading to the development of more powerful and intelligent AI models. “We truly believe that AI compute will enable these models to become even better and smarter… there is no one size fits all for compute,” she stated.
Discussing the evolving AI landscape, particularly in inference—where trained models make predictions—Su acknowledged the complexities involved. “As we navigate multiple steps, these models are incredible. We’ve made excellent progress with OpenAI and Llama models; they are impressive, but there’s room for improvement,” she explained.
Su’s bold prediction indicates a substantial $500 billion total addressable market for data center AI by 2028, covering both training and inference processes, which reflects AMD’s ambitious goals in the AI sector.
This optimistic outlook comes amid stiff competition from NVIDIA, the current leader in the AI chip market. Nevertheless, analysts remain optimistic about AMD’s ability to capture significant market share. Recent third-quarter results demonstrate a robust trajectory for AMD’s AI business, reinforcing positive sentiment.
Industry experts, including CNBC’s Jim Cramer, believe AMD is strategically positioned to challenge NVIDIA’s dominance and anticipate significant growth in the AI space, further solidifying AMD’s market presence.
While AMD’s stock closed at $148.60 on Wednesday, reflecting a slight decline, it remains up 7.23% year-to-date, showcasing investor confidence in the company’s long-term prospects. With Su’s optimistic outlook and AMD’s ongoing advancements in AI, the company is set to play a crucial role in shaping the future of AI technology.
