AMD’s stock price rose 9% today following a statement from CEO Nishita Su. Su indicated that the company is experiencing strong growth projections driven by increasing demand for Artificial Intelligence (AI) technologies. She highlighted that companies are allocating more resources to AI-related projects, resulting in a positive return on investment. Su emphasized that the current period represents a critical inflection point where AI’s potential impact will be realized, making the company’s strategic spending a worthwhile gamble. The company anticipates continued expansion in this area.
Credits: US Top News and Analysis
