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AMD CEO Lisa Su Forecasts $2B Sales of MI300 AI Chips in 2024, Expects Revenue to Ramp to $1B

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Updated Nov 7, 2023, 05:06 PM

Advanced Micro Devices (AMD) forecasts $2 billion in sales of AI chips in 2024, helping shares rebound. CEO Lisa Su expects data center GPU revenue to reach $400 million in Q1 of 2024 and exceed $2 billion in the same year. This growth would make the MI300 the fastest product to ramp to $1 billion in sales in AMD's history. AMD has adequate supply to support $2 billion of AI chip sales.

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TheHorizon.ai

@TheHorizon_ai

AMD’s New AI Chip Poised to Steal Earnings Spotlight - https://t.co/NjanSCWQwM Visit https://t.co/l8fNQzV9nN for more AI news. #AI #artificialintelligence #computing #amd

ToggleAI

@toggle_ai

How high can $AMD go? Our analysis of historical earnings data shows that after beating EPS estimates by $0.02, AMD stock could rise as much as 28% a month after announcing the beat.

Forbes

@Forbes

AMD Shares Jump Over 8% After Optimistic AI Chip Revenue Forecast https://t.co/bzHzGcDLT1 https://t.co/wBZYnT4CWO

Story Timeline

1 year ago•Latest version

AMD CEO Lisa Su Forecasts $2B Sales of MI300 AI Chips in 2024, Expects Revenue to Ramp to $1B

1 year ago

AMD's New AI Chip Forecasted to Generate $2 Billion in Sales in 2024, Q3 Revenues Reach $5.8B, Market Cap Surpasses Rival Intel

1 year ago

AMD Forecasts $2 Billion Sales of AI Chips in 2024, Shares Rebound

1 year ago•Original version

AMD Q3 Revenues Reach $5.8B, Up 4%, Forecasts $2B AI Chip Sales, Shares Rebound

AMD CEO Lisa Su Forecasts $2B Sales of MI300 AI Chips in 2024, Expects Revenue to Ramp to $1B

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