AMD CEO Highlights ‘Huge’ AI Opportunity: ‘It’s Going To Change Everything We Do’

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Benzinga

Advanced Micro Devices Inc (NASDAQ:AMD) CEO Lisa Su highlighted how large the artificial intelligence (AI) opportunity is in front of the chipmaker. The hype, however, did little to boost AMD’s stock price, which slid on Wednesday, Jan. 31, after the company reported fourth-quarter (Q4) results. AMD beat Q4 revenue estimates and turned in earnings per share numbers that were in line with expectations. The company’s shares have nearly doubled over the last year, largely driven by its positioning in the AI space. AMD raised its AI accelerator guidance significantly Tuesday night and forecasted a…

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