Lisa Su Isn't Worried About AI Hype Fears, Says Big Bet With OpenAI Could Pay Off 'Tens Of Billions Of Dollars' — AMD Stock Spikes 1.5% After Hours
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AMD shares rose 1.53% in after-hours trading following a 24% increase during the regular session. CEO Lisa Su dismissed AI hype concerns, stating the technology's potential is just beginning. AMD's deal with OpenAI will provide up to six gigawatts of GPU power for AI infrastructure, potentially generating "tens of billions of dollars" in revenue starting in 2026. OpenAI's CEO Sam Altman emphasized the need for more computing power, complementing Nvidia's $100 billion investment in OpenAI. AMD ranks well in stock performance despite short-term weaknesses.
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