AMD (AMD) made several updates at its financial analyst day on Tuesday, including reiterating the theme that artificial intelligence spending is not likely to slow down anytime soon.
AMD CEO and Chairman Dr. Lisa Su updated the size of the total addressable market and now sees it hitting $1T by 2030, up from a prior view of $500B.
“I think we’ve been very consistent that high performance computing is the foundation of everything that’s important,” Dr. Su said during the presentation. “We’ve added that AI and high performance computing because AI is such a large part of it. When we look at where we are today, AMD computing touches billions of people every day.”
Su, who has been at the helm of AMD since 2014, added that the rate and pace of change in AI is higher than anything she has seen before. “If you ask customers today, they say, ‘We need to invest more in AI infrastructure.’ There is a real belief that AI compute equates to intelligence.” She added that companies with the capability, particularly those with strong balance sheets, will have an “incremental advantage” compared to the competition. “There’s just insatiable demand.”
Su also noted that the company’s custom design wins have expanded over the past 12 to 18 months. New design wins in aerospace & defense, communications, data center have totaled $45B, with the revenue set to ramp up in 2026 and beyond.
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