semiconductor / news / / The Straits Times
Advanced Micro Devices, the leading challenger to Nvidia in AI computing chips, soared 16.5 per cent to new heights in late trading on May 5.
AMD raised its data centre CPU market growth forecast to over 35% annually, up from 18%.
KEY POINTS
- AMD expects to generate tens of billions in annual data centre revenue by 2027.
- A surge in AI infrastructure spending drove AMD's Q2 revenue outlook above analyst expectations.
- AMD is increasing wafer and backend capacity in response to stronger AI-related demand.
- AI data centre buildouts are causing memory shortages, impacting second half PC shipments.
COMPANIES
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