AMD Says Data Center Revenue Could Jump 60% Annually from Here. Should You Buy AMD Stock Now?

Advanced Micro Devices (AMD) shares rallied on Wednesday after the AI chips specialist said its data center revenue will grow by 60% annually over the next three to five years. 

In an interview with CNBC, the company’s chief executive, Lisa Su, also downplayed concerns of overspending on artificial intelligence, saying “I think it’s the right gamble.”