---
title: "Hardware | AMD CEO Lisa Su: The AI Super-Cycle Has Only Just Begun"
author: "Unique Research"
sourcePublication: "Unique Research (FFCAP English library)"
originalPublishedAt: "2024-09-10T16:00:00+08:00"
canonical: "https://ffcap.cn/en/research/20240910a062tk00"
source: "https://ffcap.cn/en/research/20240910a062tk00"
language: "en"
cnSourceUrl: "https://view.inews.qq.com/a/20240910A062TK00"
---

# Hardware | AMD CEO Lisa Su: The AI Super-Cycle Has Only Just Begun

_Unique Research · Insight · September 10, 2024 · Source: Goldman Sachs Communacopia & Technology conference interview — Lisa Su (AMD Chair & CEO) with Brian Sozzi (Yahoo Finance)_

At Goldman’s 2024 Communacopia & Technology conference, AMD Chair and CEO **Lisa Su** sketched a bullish AI-chip outlook and AMD’s roadmap. She expects the global AI market to reach **$400 billion by 2027** and argued that an **AI super-cycle is only just beginning**.

“We are making strategic investments for a major leap over the next five years,” she said. “There is no one-size-fits-all in this technology race — the key is end-to-end AI.” AMD, she added, is accelerating its AI blueprint to stay central in that race.

## MI300: AMD’s fastest-growing product line

Su highlighted the **MI300X** GPU accelerator — among AMD’s fastest-growing lines since launch last year. Specs called out in the talk: up to **192GB** memory and roughly **153 billion** transistors, enough to train frontier LLMs such as OpenAI’s ChatGPT. The product, she said, marks AMD’s rapid rise in AI silicon and a credible challenge to Nvidia’s long dominance.

She also framed MI300X as AMD’s historically fastest-growing line and guided that AI-related chips could deliver up to **~$4.5 billion** of revenue in 2024 — versus roughly **$100 million** of AI chip revenue the year before — crediting foresight and product execution.

## Three-year cadence: MI325 → MI350 → MI400

AMD plans an annual product cadence: **MI325** later this year, **MI350** in 2025, and **MI400** in 2026 — a ladder aimed at Nvidia’s high-performance AI franchise. Su: “We are confident we can take a meaningful position in both large-language-model training and inference.”

## Demand signals and top customers

Jefferies analyst Blayne Curtis noted AMD raised MI300 expectations in Q2 against a market that had priced in softness — overdone supply-chain worry, with no pullback from top accounts. Microsoft, Meta, and Oracle were cited as AMD’s top three AI customers. Street sketch in the piece: ~**$5B** sales this year and **$8–9B** next year as the expansion base.

## Investing through the super-cycle

Su admitted the AI surge outran her five-year-ago expectations: “Five years ago I did not foresee AI at this scale. We are now making major investments for the next five.” Faster roadmaps plus continuous silicon refreshes are AMD’s bet on exponential AI growth — and on becoming a durable force in the high-performance AI-chip market.

_Note (from CN close): Unique Research offered a small pool of free tickets to an AI-marketing event for practitioners who commented interest — limited, first-come._

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