AMD CEO Lisa Su Responds to Musk's NVIDIA Preference Statement

AMD CEO Lisa Su responded to Elon Musk's statement that SpaceX would exclusively use NVIDIA AI chips, appearing on CNBC on the 5th (local time) to express continued partnership expectations. Su's remarks came after Musk emphasized NVIDIA's superior architecture during a SpaceX conference call, comments that preceded a 7% decline in AMD stocks despite the company reporting strong quarterly earnings. The exchange highlights intensifying competition in the AI semiconductor market, where AMD and NVIDIA vie for dominance in data center and AI applications.

Musk Highlighted NVIDIA Architecture at SpaceX Conference Call

Elon Musk stated during a conference call following SpaceX's earnings announcement that NVIDIA "has the best architecture," emphasizing a close collaborative relationship between the companies. Lisa Su responded by saying, "I have deep respect for Musk and what he has achieved," adding that she "looks forward to continuing the partnership in the long term."

AMD Q2 Revenue Reached $11.54 Billion

AMD's second-quarter revenue totaled $11.54 billion, representing a 50% increase compared to the same period last year and exceeding the market estimate of $11.28 billion. CEO Su projected that server revenue would grow 80% year-over-year in the second half of this year, with growth exceeding 70% next year.

AMD Stock Declined 7% Following Musk Comments

AMD stocks fell 7% despite the company's strong earnings performance. The decline followed Musk's public emphasis on NVIDIA's technological advantages during the SpaceX conference call.

FAQ

What did AMD CEO Lisa Su say about Elon Musk's NVIDIA preference?

Lisa Su appeared on CNBC on the 5th (local time) stating she has "deep respect for Musk and what he has achieved" and expressed expectations to "continue the partnership in the long term," responding to Musk's statement that SpaceX would use NVIDIA AI chips exclusively.

How did AMD perform financially in Q2?

AMD reported second-quarter revenue of $11.54 billion, a 50% increase year-over-year, surpassing the market estimate of $11.28 billion. CEO Lisa Su projected server revenue growth of 80% in the second half of this year and over 70% growth next year.