AMD could surprise with a new AI forecast at today’s analyst day
Advanced Micro Devices will present its long-term plans to Wall Street analysts on Tuesday afternoon. The company’s management can increase its prediction of the artificial intelligence market.
The chipmaker will host Financial Analyst Day in New York City on Tuesday, starting at 1pm Eastern time. AMD said its management team will highlight its strategy and long-term financial plan.
Last week, AMD reported better-than-expected earnings results for the September quarter, forecasting current quarter revenue to be above Wall Street consensus at the midpoint.
Many customers are planning “significantly” larger CPU improvements over the next few quarters to support higher AI demand, CEO Lisa Su said on a call with analysts on the evening of the earnings report. Su also hinted at AMD’s Financial Analyst Day that it would increase its previous $500 billion AI data center chip forecast for 2028. AMD’s AI business is on track to reach tens of billions of dollars in annual revenue by 2027, he said.
Some Wall Street commentators pointed to the financial analyst day as a factor that could help propel AMD shares higher. “We expect the company to provide more details on its technology roadmap, customer traction and market size at its 2025 Analyst/Investor Day next week,” Stifel analyst Ruben Roy wrote in a research note last week.
Last month, AMD announced a long-term agreement to be a key supplier to OpenAI in building infrastructure for artificial intelligence. The deal includes OpenAI’s deployment of six gigawatt AMD graphics processing units, starting with one gigawatt rack-scale MI450 GPU servers in the second half of 2026.
AMD shares are up 102% this year, compared to a 22% gain on the Nasdaq.
Write to Tae Kim at tae.kim@barrons.com
