AMD's Lisa Su dismisses AI spending fears as stock rallies on growth projections: 'It's the right gamble'

Core Insights - AMD's CEO Lisa Su expressed confidence in the tech industry's increased spending, stating that investing in computing will enhance innovation [1] - AMD's hyperscaler customers have significantly increased their spending over the past year, indicating a positive return on investment as technology reaches an "inflection point" [1] - Major tech companies have announced over $380 billion in AI spending, highlighting the industry's race to build infrastructure to meet growing demand [2] Company Performance - AMD anticipates a revenue growth of 35% annually over the next three to five years, driven by high demand for AI chips [2] - Following Su's comments, AMD's shares rose by more than 6% [2]