AMD CEO Lisa Su Says AI Is In Early Stages Of Multiyear 'Supercycle': 'There's Tremendous Need For More Compute'
Portfolio Pulse from Adam Eckert
AMD CEO Lisa Su highlighted the early stages of a multiyear AI 'supercycle' following strong Q2 results, with revenue of $5.835 billion and adjusted earnings of 69 cents per share. Su emphasized the growing demand for AI and compute power, countering concerns about a potential slowdown in AI investments.
July 31, 2024 | 4:39 pm
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AMD reported strong Q2 results with revenue of $5.835 billion and adjusted earnings of 69 cents per share, driven by accelerating AI demand. CEO Lisa Su emphasized a multiyear AI 'supercycle' and countered concerns about a slowdown in AI investments.
The strong Q2 results and CEO Lisa Su's comments on the AI 'supercycle' indicate robust demand and growth potential for AMD's AI business. This positive outlook is likely to boost investor confidence and drive the stock price higher in the short term.
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