‘AI is not a bubble’: AMD CEO Lisa Su makes big CES 2026 bet

Compared to NVIDIA, which has amassed billions of dollars by selling AI chips to other tech giants, AMD may fall behind in terms of raw power, but the company has managed to grow rapidly in the field for the last few years. The company’s shares jumped 77 per cent last year, which is almost twice the pace of NVIDIA, which has a valuation of more than $3 trillion compared to AMD’s $353 billion.

AMD claims its new CDNA-6-based MI500-series AI accelerators, which it unveiled at the Consumer Electronics Show 2026, offer 1000x more compute performance compared to its MI300X lineup, which was launched back in 2023. While the MI500-series is expected to launch sometime next year, the company is already getting ready to launch the MI400 series AI accelerators later this year. Despite AMD”s announcements, the company’s stock fell right after Lisa Su’s event at the CES.

At CES, Lisa Su was joined by OpenAI President Greg Brockman, saying that chip advancements were critical to OpenAI’s increasing computing requirements. In October last year, AMD had signed a deal with the ChatGPT maker, adding billions of dollars to OpenAI’s revenue.