AMD Stock Price Hits a Record High; Su Zifeng Says Strong Chip Demand Will Continue to Drive Significant Expansion of Production
The Block
1h ago
Ai Focus
AMD Shares rose nearly 3% at the beginning of the session, with the stock price hitting a record high of $1.06 trillion in market value. CEO Su Zifeng stated that the overall demand for computing products will be extremely strong in 2026. AMD The company is making every effort to increase supply and expects to significantly expand production in 2027.
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News from the IT community on October 6th: The AMD stock has risen by nearly 3% at the beginning of the session, reaching $649.88 (Note from IT: The current exchange rate is approximately 4,364 RMB). This marks a new historical high, with a market value of 1.06 trillion US dollars (approximately 7.12 trillion RMB at the current exchange rate).

After the market opened, the stock price of AMD fell back somewhat, but it is currently up by more than 2%, at $646.48 (which is approximately 4,335 yuan at the current exchange rate).

AMD CEO Su Zifeng stated in an interview today that the overall demand in the computing market in 2026 is extremely strong. AMD Although production capacity has been expanded accordingly, current demand still far exceeds supply. Faced with this situation of supply falling short of demand, AMD is making every effort to increase supply and expects to significantly expand production capacity in 2027.

Last month, the stock price of AMD rose by approximately 30%, and its total market value exceeded 1 trillion US dollars for the first time (equivalent to about 6.71 trillion yuan at current exchange rates). On September 28th local time, AMD also announced that it would acquire World Labs, a startup company owned by AI, for 8.2 billion US dollars (about 55.059 billion yuan at current exchange rates), in order to enhance its own technological capabilities.

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