AMD(US:AMD) Sou Hu Cai Jing·2025-12-08 02:10Core Viewpoint - AMD CEO Lisa Su believes that the AI industry is not in a "bubble" and that concerns about such a bubble are exaggerated, emphasizing the need for massive chips from companies like AMD to support future AI developments [3]. Group 1: Company Performance - Since Lisa Su became CEO in 2014, AMD's market value has increased from $2 billion to $300 billion [3]. - AMD has successfully launched the Zen architecture processors, replacing the less favorable Bulldozer architecture [3]. Group 2: Strategic Partnerships - AMD entered a significant partnership with OpenAI earlier this year, where OpenAI will deploy 6 GW of AMD Instinct GPUs [3]. - As part of the agreement, AMD allowed OpenAI to purchase 160 million shares of AMD stock at $0.01 per share, equating to approximately 10% of the company's shares [3]. Group 3: Competitive Landscape - Lisa Su does not express concern over competition from NVIDIA or tech giants like Google and Amazon, who are developing their own chips [3]. - The primary focus for AMD is on accelerating innovation rather than worrying about competitors [3]. Group 4: Future Outlook - Lisa Su describes the current state of AI as being in its "infancy," indicating that AMD must prepare for the future by developing more chips [3].