AMD Sets Ambitious Target: Tripling Earnings Per Share by 2030

Advanced Micro Devices (AMD) has captured investor attention with a bold projection: the company aims to elevate its earnings per share beyond $20 by 2030, a figure that would triple current estimates. This confident forecast was delivered by CEO Lisa Su during the recent Financial Analyst Day, outlining a growth strategy that surpassed even the most optimistic market expectations. The immediate market response was a 7% surge in the company’s share price. The central question now is whether the chipmaker can deliver on this formidable pledge.

The timing of this announcement was strategic, coinciding with AMD’s finalization of its acquisition of MK1, an AI startup based in Mountain View. MK1’s Read more...