AMD CEO Reaffirms Partnership as Musk Champions Nvidia-Only AI Chips
TL;DR Summary
AMD CEO Lisa Su downplayed Elon Musk's Nvidia-exclusive AI‑chip pledge, emphasizing a long‑term partnership with Nvidia even as SpaceX relies on Nvidia tech. AMD posted a strong Q2: revenue $11.54B (up 50%), data‑center sales up 107% to $6.7B, and guided robust server growth for 2026–27, while investing in its supply chain. Nvidia stock rose while AMD slid on the earnings beat being slightly above consensus but below more optimistic estimates, with Deutsche Bank noting the runway is still highly valued by investors.
- Lisa Su brushes off Musk's Nvidia commitment as AMD stock sinks after earnings cnbc.com
- Nvidia stock rises after Musk says SpaceX will exclusively use company's chips Yahoo Finance
- AMD Shares Fall 8% as Elon Musk Commits to Nvidia Chips for SpaceX WSJ
- Why Nvidia Stock Is the Big Winner From SpaceX Earnings Barron's
- Nvidia’s stock is basking in the glow of a high-profile endorsement MarketWatch
Reading Insights
Total Reads
1
Unique Readers
19
Time Saved
3 min
vs 4 min read
Condensed
89%
776 → 82 words
Want the full story? Read the original article
Read on cnbc.com