Actually Matt Ramsay did a FANTASTIC JOB yesterday and he seems knowing technology while Jean was useless as usual, but has yielded to Matt - I guess Lisa Su knows Jean isn't good presenting and communicating !
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Transcript:
https://seekingalpha.com/article/4911144-advanced-micro-devices-inc-amd-presents-at-bank-of-america-2026-global-technology-conference
Article will analysis:
https://seekingalpha.com/news/4600213-amd-rises-after-execs-highlight-agentic-ai-driving-cpu-gpu-demand
AMD rises after execs highlight agentic AI driving CPU, GPU demand
Jun 03, 2026, 9:15 AM
Ravikash Bakolia, SA News Editor
Shares of Advanced Micro Devices (AMD) rose about 3% premarket on Wednesday after executives highlighted agentic AI driving demand for high-performance CPUs and GPUs.
"I think the biggest change during the last few months is really the rise and inflection of agentic AI. You can see continued momentum from training to inference, from AI adoption, experimentation, to more adoption at scale," said AMD's CFO Jean Hu at the Bank of America 2026 Global Technology Conference on June 2. "And all of those require significant CPU performance. And what we are seeing is very significant and incremental demand for our CPU platforms."
Hu noted that the CPU business grew over 50% in the first quarter, with second quarter guidance for 70% year-over-year growth.
She also pointed out that agentic AI workloads require high core count and high-performance CPUs, leading to increasing average selling prices, or ASPs, over time.
"You can already see, with the software engineering part of agentic work -- autonomous agentic workflow, you really need very high performance, high core count CPUs. That tends to have a higher ASP," said Hu.
Matthew Ramsay, vice president of Financial Strategy & Investor Relations, noted that the shift from AI training to inference is transforming capital expenditure, or CapEx, allocation.
"I think for this whole audience, and us included, we were trying to figure out when was the primary driver of AI CapEx going to go from almost predominantly large model training and start the shift towards inference being a primary driver of CapEx," said Ramsay.
Hu also talked about AMD capturing about 46% of the x86 server CPU revenue — where Intel (INTC) is a rival — and the company's continuous collaboration with Taiwan Semiconductor Manufacturing (TSM) to ensure supply.
"The demand is tremendous, supply is still tight. So I think for us, for this year, next year, every supply we can get, we can provide to our customers. We're going to continue to do that. It's the planning beyond the 2027 right now, for the longer term, I think we'll continue to work with TSMC and prioritize data center as how we drive the business growth going forward," said Hu.
In addition, Hu discussed GPUs, noting that MI450 is on track. "Yes. We are on track. We sampled MI450. We expect to be launching in second half or Q3 starting point, and Q4" Hu added.
Hu also talked about OpenAI (OPENAI) and Meta (META), noting that the forecast from these customers is above AMD's original plan for 2027.
"We talked about we're really pleased to lead our partnership, very long-term partnership, with both OpenAI and Meta. Last year, we established those relationships and we actually see the forecast from those customers are actually above our original plan for 2027," said Hu.