Advanced Micro Devices CEO Lisa Su pushed back against concerns about excessive AI infrastructure spending, arguing that heavy investment from Big Tech will ultimately accelerate innovation rather than fuel a bubble.
“I don’t think it’s a big gamble,” Su said Wednesday in an interview with CNBC’s “Squawk Box.” “I think it’s the right gamble.”
Su noted that many of AMD’s largest hyperscaler customers have sharply increased spending over the past year as artificial intelligence hits an “inflection point” where companies are beginning to see real returns on their investments.
Her comments follow a wave of more than $380 billion in AI infrastructure spending disclosed by major tech companies in their latest earnings reports, underscoring the scale of the industry’s race to build compute capacity.
On Tuesday, Su told analysts that AMD expects revenues to grow roughly 35% annually over the next three to five years, fueled by “insatiable” demand for AI chips.
Despite recent market jitters over a potential AI bubble, AMD shares jumped more than 7% following Su’s remarks.
