AMD CEO Lisa Su Says CPU Demand ‘Far Exceeded My Expectations’

FomoAnxiety · 2026-03-04T15:01:50+00:00

AMD's stock rose after CEO Lisa Su highlighted unexpected demand for CPUs amid the AI boom, surpassing expectations. She noted supply chain challenges but optimistic growth, with analysts advising a Moderate Buy on the stock.

FomoAnxiety

2026-03-04 15:01:50

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Advanced Micro Devices AMD +2.73% ▲ stock was up on Wednesday after CEO Lisa Su said that “the CPU portion of the business has actually far exceeded my expectations in terms of demand.” Su made this comment during the Morgan Stanley MS +1.23% ▲ Conference, as reported by WccfTech. The AMD CEO also claimed that she was already bullish on the demand for the company’s CPUs.

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According to Su, the unexpected demand for AMD’s CPUs is due to the ongoing artificial intelligence (AI) boom. While this boosted interest in graphics processing units (GPUs), experts hadn’t predicted there would be as much demand for CPUs as there is. Su noted that AMD is currently “in the process of catching up” to this demand.

The AMD CEO also warned that supply chain issues could limit access to the company’s CPUs. She pointed out that with demand beyond expectations, the company’s supply chain is stressed. AMD is working with its suppliers to iron out these kinks so that it can meet the growing demand for its CPUs. Investors will remember that rival chipmaker Intel INTC +1.00% ▲ has experienced similar CPU demand and supply issues.

AMD Stock Movement Today

AMD stock was up 1.48% on Wednesday, but has fallen 9.52% year-to-date. The stock has also rallied 87.81% over the past 12 months, largely on the back of the AI boom.

Trading activity for AMD stock was light today, as some 1.9 million shares changed hands. The company’s three-month daily average trading volume is about 38.92 million shares.

Is AMD Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for AMD is Moderate Buy, based on 23 Buy and eight Hold ratings over the past three months. With that comes an average AMD stock price target of $286.04, representing a potential 46.87% upside for the shares.

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