Su said one purpose of her Taiwan visit is to ensure AMD’s supply chain can ramp production of CPUs and GPUs, and that the company is working closely with TSMC and with memory chipmakers Samsung and SK Hynix to secure supplies. She described demand as very high for the next several years. TSMC is separately reported to be evaluating a Texas investment, Reuters noted.
Analysts moved quickly. Citi raised its AMD price target to $800 and Mizuho raised its target to $705 from $580, according to TipRanks reporting carried on CNBC’s quote page. AMD rose 3.84 percent to $656.00, a new 52-week high of $658.52 intraday, with a market capitalization of $1.07 trillion.
Su’s comments landed alongside corroborating supply-side evidence. Nokia CEO Justin Hotard told CNBC on October 5 that AI data-center demand remains strong and that the tech industry would build data centers twice as fast without supply constraints. The constraint framing matches Morgan Stanley’s estimate of a 34 percent net US data-center power shortfall through 2028 (32 GW), reported in the October 5 edition.
The caveat is that Su’s statement is a plan, not a contract: actual supply depends on TSMC advanced-node allocation and on HBM memory from Samsung and SK Hynix, the binding constraint on accelerators. AMD’s AI revenue trajectory also remains far behind Nvidia’s, so the stock move prices in share gains that still have to materialize.