AMD Stock Jumps After Chipmaker Sets Ambitious Growth Targets Citing 'Accelerating' AI Momentum

Benzinga

AMD shares rose after hours as the company unveiled ambitious long-term targets, including 35%+ annual revenue growth and 80%+ CAGR in its AI data center business. CEO Lisa Su said AMD is entering a new era fueled by AI innovation and strong industry partnerships.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:03Advanced Micro Devices shares climbed in after hours trading on Tuesday.

00:07After the company unveiled new long-term financial targets at its first analyst day in three years,

00:12AMD projected revenue growth above 35% annually over the next three to five years,

00:17led by its AI data center business, expected to grow at a compound annual rate of more than 80% a year.

00:23The chipmaker forecast non-GAP operating margins above 35% and adjusted annual earnings exceeding $20 per share.

00:32CEO Lisa Su said the company is entering a new era of growth,

00:36driven by AI momentum, strong partnerships, and its broad technology portfolio.

00:41Shares closed Tuesday, down 2.65% at $237.52.

00:47For all things money, visit Benzinga.com.

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