AMD Shares Surge as AI-Fueled Revenue Outlook Excites Investors
Shares of Advanced Micro Devices (AMD) surged on Wednesday after the chipmaker projected strong revenue growth driven by rising demand for artificial intelligence (AI) processors. The company’s upbeat forecast boosted investor confidence, with AMD poised to add more than $26 billion to its market value if premarket gains persist. Analysts said AMD’s expanding portfolio of AI-focused chips positions it as a major challenger to Nvidia in the fast-growing semiconductor sector. CEO Lisa Su highlighted that the company’s AI accelerator lineup is gaining significant traction among data centre and cloud customers. The announcement comes amid booming global demand for AI computing power, which has reshaped the chip industry’s competitive landscape. Investors also welcomed AMD’s plans to enhance supply chain capacity and boost research spending to sustain long-term growth.
AMD Shares Surge as AI-Fueled Revenue Outlook Excites Investors
