Lisa Su Isn't Worried About AI Hype Fears, Says Big Bet With OpenAI Could Pay Off 'Tens Of Billions Of Dollars' — AMD Stock Spikes 1.5% After Hours

Group 1 - Advanced Micro Devices, Inc. (AMD) shares rose 1.53% in after-hours trading following a nearly 24% increase during the regular session [1] - AMD CEO Lisa Su emphasized that the AI boom is just beginning and dismissed concerns about overblown investments in the sector [2] - AMD announced a significant deal with OpenAI to provide up to six gigawatts of Instinct GPU power for AI infrastructure, potentially generating "tens of billions of dollars" in revenue starting in 2026 [3] Group 2 - OpenAI CEO Sam Altman confirmed the partnership with AMD, stating that the world requires much more computing power [4] - Nvidia has pledged $100 billion to OpenAI, planning to roll out at least 10 gigawatts of its systems starting in the second half of 2026 [5] - OpenAI's leadership highlighted that the demand for AI is underestimated, indicating a current bottleneck in computing resources for new feature launches [5]