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AMD Surges on $2 Trillion AI Market Forecast and Surging CPU Demand

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • AMD shares surged following CFO Jean Hu's projection that AI demand will expand the company's total addressable market to $2 trillion by 2030.
  • Hu emphasized ongoing GPU momentum and forecasted that AMD's CPU segment will grow more than 80% year-over-year in the second half.
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AMD price history

516.13 +140.00% over the displayed period

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