Advanced Micro Devices (AMD) expects the market for its data centre chips to expand to $1 trillion by 2030, Chief Executive Officer Lisa Su announced at the company’s analyst day in New York.
Su said that artificial intelligence will play a major role in driving this growth, covering AMD’s central processing units, networking chips, and specialised AI processors. “It’s an exciting market,” Su said. “There’s no question, data centre is the largest growth opportunity out there, and one that AMD is very, very well positioned for.”
As demand for AI chips accelerates, AMD is pushing to strengthen its position against rival Nvidia, which currently leads the market for data centre chips. While AMD has gained ground in the CPU business, taking market share from Intel, Nvidia continues to dominate AI infrastructure. Nvidia CEO Jensen Huang has previously estimated that the global AI infrastructure market could reach $3 trillion to $4 trillion by 2030.
AMD plans to launch its next-generation MI400 series of AI chips in 2026. The series will include multiple versions designed for generative AI and scientific computing. Alongside these chips, AMD also intends to release a full server rack solution similar to Nvidia’s GB200 NVL72.
In her presentation, Su highlighted AMD’s recent acquisitions to strengthen its AI capabilities, including server builder ZT Systems and several smaller software firms. “AMD has built an M&A machine,” Su said. Chief Strategy Officer Mat Hein added that the company will “continue to do AI software tuck-ins” to ensure it has the right software and talent to support its AI ambitions.
AMD recently acquired MK1, a startup focused on AI software development. The company’s acquisition strategy aims to secure both the tools and expertise needed to build advanced AI solutions.
Last week, AMD projected fourth-quarter revenue above market expectations, driven by growing demand for AI chips and stronger data centre CPU sales. AMD shares, however, fell 2.3% to $238.31 on Tuesday afternoon.
In October, AMD signed a multiyear agreement with OpenAI, expected to generate over $100 billion in revenue across four years. As part of the deal, OpenAI will receive warrants allowing it to purchase up to a 10% stake in AMD. The partnership marks a key milestone for AMD as it seeks to capture a larger share of the booming AI market.
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