tech
Lisa Su brushes off Musk's Nvidia commitment as AMD stock sinks after earnings
The chip giant has been a big beneficiary of the AI boom, with stock trading 132% up so far in 2026.
TL;DR
- AMD CEO Lisa Su expressed confidence in continued partnership with SpaceX despite Elon Musk's comments favoring Nvidia.
- AMD reported strong second-quarter earnings, with data center sales up 107% year-over-year.
- The company anticipates data center segment growth to be well over 100% and server revenue to grow significantly in 2026 and 2027.
- Despite positive financial results and outlook, AMD's stock declined, potentially due to high investor expectations.
- AMD is making substantial investments across its supply chain and ecosystem to meet projected customer demand for compute.
- The semiconductor industry, particularly AI accelerators, is expected to grow substantially, with AMD positioning itself to capture this opportunity.