AMD CEO Lisa Su on AI demand and hyperscaler spending: 'We're seeing the returns'

Maybe investors should rethink wherefore they are upset with hyperscalers similar Alphabet (GOOG, GOOGL) for hiking their superior expenditure plans to enactment their AI ambitions. 

Not lone is the technology's usefulness rapidly rising, according to AMD CEO Lisa Su, but request is exceptionally strong. That makes investing contiguous captious to semipermanent success, Su said.  

"We're seeing the returns connected investment," Su told Yahoo Finance (see video above). "Demand for compute is astatine a premium today. … We are precise assured successful the request representation being there."

AMD (AMD) unveiled its next-generation AI chips this week, headlined by the Instinct MI450 Series GPUs and the 6th Gen EPYC "Venice" CPUs. The caller chips are designed to powerfulness AMD's caller Helios rack-scale AI systems, which harvester GPUs, CPUs, networking, and bundle into an integrated level for grooming and moving ample AI models. 

The merchandise announcement came alongside 2 caller deals that sent the bulls backmost into AMD's stock, which had been trading sideways for astir of July. Shares are inactive up a sizzling 106% successful the past six months, according to AlphaSpace data.

AMD said Microsoft (MSFT) volition deploy Helios crossed Azure AI services opening successful the 2nd fractional of 2026.

It besides announced a large tie-up with Anthropic (ANTH.PVT) that importantly expands its propulsion to situation rival Nvidia (NVDA) successful the AI infrastructure market. 

Anthropic plans to deploy up to 2 gigawatts of AMD's next-generation Instinct MI450 GPUs successful AMD's caller Helios AI rack systems opening successful the archetypal fractional of 2027 — a woody that could beryllium worthy tens of billions of dollars implicit time. AMD besides committed to put up to $5 cardinal successful Anthropic, marking 1 of the chipmaker's largest strategical investments ever.

The 2 companies volition enactment unneurotic to optimize Anthropic's Claude AI models for AMD hardware and accelerate improvement of AMD's ROCm bundle platform.

In October 2025, AMD inked a woody with OpenAI (OPAI.PVT) for 6 gigawatts of GPUs. It besides issued warrants to OpenAI for up to 160 cardinal shares. A akin woody was signed with Meta (META) successful February of this year. 

With some of those deals, AMD has committed astir 20% of the institution to OpenAI and Meta.

"We spot AMD emerging arsenic a legit 2nd root successful the GPU marketplace with the institution poised to triumph the lion's stock astatine Meta," Citi expert Atif Malik wrote successful a note.

Brian Sozzi is Yahoo Finance's Executive Editor, big of the 'Power Players With Brian Sozzi' podcast and a subordinate of Yahoo Finance's editorial enactment team. Follow Sozzi connected X @BrianSozzi, Instagram, and LinkedIn. Tips connected stories? Email [email protected].

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