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AMD CEO Lisa Su Endorses Big Tech’s AI Spending as Stock Surges 10%

AMD CEO Lisa Su Endorses Big Tech’s AI Spending as Stock Surges 10%

Author:

Global Cryptocurrency

Published:

2025-11-12 18:06:01

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BTCCSquare news:

AMD shares rallied sharply after CEO Lisa Su characterized Big Tech's $380 billion AI infrastructure push as "the right gamble" during a CNBC interview. The semiconductor firm's stock gained 10% as Su highlighted hyperscalers' accelerating returns on compute investments, calling it an inflection point for the industry.

Wells Fargo amplified bullish sentiment by raising AMD's price target to $345, citing market share gains in server CPUs and datacenter GPUs. Analyst Aaron Rakers projected earnings could exceed $20 per share by 2030 based on AMD's 35%+ annual growth model for its datacenter segment.

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