Advanced Micro Devices, Inc. AMD

$AMD
Dr Su explained that AMD sought last year to estimate what the infrastructure growth would be, due to generative AI. At the time AMD figured 50% CAGR (compound annual growth rate) which meant a spend of 30 billion US dollars in 2023 would become over 150 billion US dollars in 2027. "That felt like a big number," Su said, "but as we look at everything that happened in the last 12 months and the rate of change in industry across the world, it's clear demand is growing faster."

Thus, AMD revised its figures and forecasts 70% CAGR in data centre AI accelerators, from an actual spend of 45 billion US dollars in 2023 to well over 400 billion US dollars in 2027 to be spent on this area.

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