AMD expects annual growth of 35% driven by artificial intelligence demand

Advanced Micro Devices (AMD) CEO Su Zifeng said at the Financial Analysts Conference in New York on Tuesday that the company expects revenue to grow at an average annual compound growth rate of 35% in the next three to five years, mainly due to "unsatisfied" artificial intelligence chip demand.
Su Zifeng revealed that AMD's data center AI business is expected to expand at an average annual growth rate of 80% during the same period and is expected to contribute tens of billions of dollars in revenue by 2027. The company's goal is to gain double-digit market share in the AI chip sector currently dominated by Nvidia (market share is approximately 80% to 94%).
She also raised her forecast for the size of the AI data center market to US$1 trillion by 2030, doubling the previous forecast of US$500 billion. Su Zifeng emphasized: "Data centers are currently the area with the largest growth space, and AMD has a strong competitive advantage."
AMD highlighted the rapid penetration of MI450 series GPUs and Helios rack-level systems among hyperscale cloud service providers, AI-native enterprises and government customers. Recently, the company has signed a 6 GW GPU supply agreement with OpenAI and placed an additional 50,000 AI chips onOracle.
Hu Jin, the company's chief financial officer, said that non-GAAP earnings per share are expected to exceed US$20 in the next three to five years; the compound annual growth rate of the data center business can reach 60%. AMD also plans to increase its server CPU revenue share from the current 40% to more than 50%, and increase its PC market share from 20% to 40%.
Since the beginning of this year, AMD's share price has nearly doubled, becoming one of Nvidia's biggest competitors in the AI chip market.