MarketWatch First Take: AMD makes bold prediction for its AI chips — but it’s actually not so far-fetched

by | Oct 31, 2023 | Stock Market

Advanced Micro Devices Inc. gave Wall Street a bold projection for revenue from its first AI chips for next year, and while the outlook may look like a high hurdle, it’s quite feasible that Chief Executive Lisa Su can deliver on her promise. Su told analysts on AMD’s AMD earnings call Tuesday that the company could see data-center revenue from its graphics processing units (GPUs) of about $400 million in the fourth quarter, while that total could exceed $2 billion in 2024 as revenue continues to ramp. “This…

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