AMD CEO: Demand Outpacing Supply, Substantial Supply Increase Coming in 2027
AMD has more than doubled off its 52-week low of $163.14.
Summary
Lisa Su, speaking in Taipei, said demand for AMD's AI silicon is higher than supply and that the company will substantially increase supply in 2027. She noted AMD has been able to increase supply this year but could use more, and is working with memory suppliers to plan with customers. Su also said she had a great conversation with Foxconn and will meet TSMC later today, thanking TSMC for bringing more capacity on board. This follows AMD's record Q2 and recent all-time high, reinforcing the AI demand narrative. The commentary suggests continued revenue growth potential but also highlights near-term supply constraints.
At the time of this announcement, AMD was trading at $632.55 on NASDAQ in the Technology sector, with a market capitalization of approximately $1T. The 52-week trading range was $163.14 to $645.46. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.