AMD shares gained Tuesday after the chip maker said high interest in its premier AI data-center chip is translating into sales.
“ ‘Over the past 30 days, what we’ve seen is a continued acceleration of those engagements, and a number of those engagements have turned into customer commitments, which we’re really excited about.’ ”
At Goldman Sachs’ Communacopia + Technology investor conference in San Francisco Tuesday, AMD AMD, +1.64% Chair and CEO Lisa Su said interest in the company’s AI data-center hardware was even higher than she had reported a month ago, when it had been up seven times relative to the previous year in terms of customer engagements.
“Even since our last earnings call, over the past 30 days, what we’ve seen is a continued acceleration of those engagements, and a number of those engagements have turned into customer commitments, which we’re really excited about,” Su said, adding that she saw “a very strong second half of the year for our data-center business.”
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