AMD May ‘Substantially’ Lift Its AI Forecast for 2028 Today. What Does This Mean for AMD Stock?
AMD heads into its Financial Analyst Day with expectations running high. CEO Lisa Su has hinted at raising the company’s $500 billion AI forecast as the chipmaker looks to scale its data center business amid surging demand for artificial intelligence.
The potential revision underscores AMD’s aggressive push into AI-driven markets, positioning it as a key player alongside rivals like Nvidia. Investors are keenly watching for updates on GPU production and partnerships that could drive long-term growth.
Market sentiment suggests a bullish outlook for AMD stock if the company delivers on its revised targets. The broader semiconductor sector, including crypto mining hardware suppliers, may also see Ripple effects from heightened AI investment.