AMD CEO Lisa Su joins ‘Squawk on the Street’ to discuss the company’s quarterly earnings results, data center roadmap, PC demand, raising guidance on AI adoption, state of AI competition, and more.
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date: 2024-07-31 14:17:56
duration: 00:06:06
author: UCrp_UI8XtuYfpiqluWLD7Lw
AMD CEO Lisa Su on Q2 earnings beat: Very excited about the traction that we’re seeing
Lisa Su, CEO of AMD, joined CNBC to discuss the company’s strong Q2 earnings report, which beat expectations. The company’s data center GPU revenue is expected to exceed $4.5 billion, up from $4 billion previously guided. Su attributed this growth to the strong demand for AI adoption, with customers desperate for compute power.
Su emphasized that compute is the foundation for unlocking AI capabilities, and the supply chain is currently tight. However, AMD is well-positioned to meet this demand, with its MI30 AI compute chip ramping up production. The company is also seeing strong demand trends in traditional data center CPU sales.
Su highlighted the opportunity for companies to invest in AI and refresh their aging data centers. She noted that AI is not just about curing cancer or sending humans to Jupiter, but rather about helping every enterprise become more productive. AI is being used in various industries, from call centers to chip design, and even in healthcare.
When asked about the company’s guidance, Su explained that they are being conservative and focused on delivering results. The company has passed important customer milestones, including partnerships with Microsoft, Meta, and Oracle, and is confident in its growth trajectory for the second half of the year.
Overall, Su expressed excitement about the company’s performance and the potential for AI to transform various industries.
