AMD Stock Jumped Today. CEO Lisa Su Doesn't Think AI Will 'Replace Everything'

Core Insights - AMD CEO Lisa Su believes that AI will enhance human capabilities and business efficiency rather than completely replace human workers [1][1][1] - AMD's stock rose nearly 9%, reaching a market capitalization of approximately $350 billion, following a significant AI chip deal with Meta Platforms [1][1][1] Group 1: AI Impact on Workforce - Concerns about AI disrupting jobs and industries have caused market volatility recently [1][1] - Lisa Su asserts that AI is not at a level where it can eliminate the need for human workers, emphasizing the importance of human creativity and invention [1][1][1] - Employees at AMD are utilizing AI to improve productivity, but retraining may be necessary to adapt to new opportunities created by AI [1][1] Group 2: Market Reactions and Investor Sentiment - The rise of AI has led to mixed reactions among investors, with some fearing that AI spending may not yield immediate returns [1][1] - A report from Citrini Research raised alarms about potential job displacement due to AI, contributing to market unease [1][1] - AMD's partnership with Meta is viewed positively, with Su identifying Meta as a likely leader in AI innovation [1][1]