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Advanced Micro Devices (AMD) shares jumped 7% after the chipmaker announced a bold $100 billion annual data-center revenue target, aiming to expand its footprint in the booming artificial intelligence (AI) market currently dominated by Nvidia.
The announcement comes as AI infrastructure demand surges, with AMD projecting 35% annual growth across its business and 60% in the data center segment over the next three to five years. Partnerships with OpenAI, Oracle, and other hyperscalers are expected to drive revenue, while next-generation MI400 chips and the Helios rack system in 2026 aim to strengthen AMD’s competitive position.
CEO Lisa Su highlighted that the global data-center chip market could reach $1 trillion by 2030, encompassing general-purpose processors, AI accelerators, and networking chips. While Nvidia predicts $3–4 trillion in AI infrastructure spending by decade-end, AMD remains focused on achievable yet aggressive growth targets.
Analysts describe AMD’s targets as ambitious but attainable. Bernstein analyst Stacy Rasgon commented:
“The jury remains out, but management is clearly going on the offense with the narrative.” AMD shares have risen 97% this year, adding confidence among investors in its AI-driven expansion strategy.
The move underscores AMD’s determination to challenge Nvidia in AI and secure a larger share of the rapidly growing AI infrastructure market.
