AMD CPU Market Projected to Grow 30% by 2028; China AI Chip Strategy Detailed
AMD has more than doubled off its 52-week low of $108.615.
Summary
Wolfe Research projects AMD's CPU Total Addressable Market (TAM) to expand by 30% by 2028, fueled by the rise of agentic AI. The company is also strategically pushing its open-source ROCm platform in China to compete with CUDA, aiming to grow its current 4% share of the country's AI chip market. This outlook reinforces AMD's strong growth narrative, following recent reports of robust CPU demand and significant AI GPU contract wins. While China represents 20% of AMD's revenue, export controls and less mature tools currently limit ROCm adoption, making market share gains a key watchpoint.
At the time of this announcement, AMD was trading at $515.13 on NASDAQ in the Technology sector, with a market capitalization of approximately $841.6B. The 52-week trading range was $108.62 to $527.20. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.