AMD CEO Lisa Su Says ‘We are Planning for Multiple Customers at Similar Scales to OpenAI’ – TipRanks

AMD CEO Lisa Su told investors the company has even more customers lined up after its OpenAI deal.
Advanced Micro Devices (AMD) CEO Lisa Su had good news for investors during the semiconductor company’s latest earnings call. She mentioned during it that, “We are planning for multiple customers at similar scales to OpenAI.” Su said that interest in its AI chips increased after the company announced its deal with OpenAI (OPAIQ).


According to the AMD CEO, the interest in its AI GPUs from other customers ensures “a broad customer base to mitigate concentration risk.” It could also be a massive boon to AMD stock, as the company’s shares underwent a huge rally after it announced the partnership to provide OpenAI with its AI GPUs.
News of growing interest in its AI chips is a big deal for AMD, as it has lagged behind rival GPU maker Nvidia (NVDA) in the sector. However, that could change with the launch of its next-generation chip, the Instinct MI450. This new AI GPU is set to be released sometime in 2026 and is expected to challenge Nvidia’s offerings.
AMD stock was down 2.64% on Friday but was still up 91.47% year-to-date. The shares have also increased 60.66% over the past 12 months. Investors will note that a significant portion of these gains is related to increased demand for AMD server components as a result of the AI boom.
It also bears mentioning that AMD has received a large number of analyst updates this week. This follows its latest earnings report.
Turning to Wall Street, the analysts’ consensus rating for AMD is Moderate Buy, based on 27 Buy and 10 Hold ratings over the past three months. With that comes an average AMD stock price target of $278.09, representing a potential 19.85% upside for the shares.
See more AMD stock analyst ratings
Disclaimer & DisclosureReport an Issue

source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!