Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc. (AMD), during a Bloomberg Television interview in San Francisco, California, US, on Monday, Oct. 6, 2025.
AMD shares swung on Tuesday after CEO Lisa Su said the company's overall revenue growth would expand to about 35% per year over the next three to five years, driven by "insatiable" demand for artificial intelligence chips.
Su said that much of that would be captured by the company's AI data center business, which it expects to grow at about 80% per year over the same time period, on track to hit tens of billions of dollars of sales by 2027.
"This is what we see as our potential given the customer traction, both with the announced customers, as well as customers that are currently working very closely with us," Su told analysts.
Ultimately, Su said that AMD could be able to achieve "double-digit" share in the data center AI chip market over the next three to five years.
The AI chip market is currently dominated by Nvidia , which has over 90% of the market share, according to some estimates, and which has given the company a market cap of over $4.6 trillion, versus AMD's roughly $387 billion valuation.
AMD is holding its first financial analyst day since 2022, as the company has found itself at the center of a boom in data center spending for AI.
While companies are spending hundreds of billions of dollars in total on graphics processing unit (GPU) chips to build and power artificial intelligence applications like OpenAI's ChatGPT, they are also looking for alternatives to increase capacity and control costs. AMD is the only other major developer of GPUs aside from Nvidia.
In October, AMD announced a partnership with OpenAI in which it would sell the AI startup billions of dollars in its Instinct AI chips over multiple years, starting with enough chips in 2026 to use 1 gigawatt of power.
As part of the deal, OpenAI could end up taking a 10% stake in the chipmaker. Su also highlighted long-term deals with Oracle and Meta on Tuesday.
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