Cisco, AMD and Saudi-backed Humain launch a major AI-focused joint venture to build renewable-powered data centers across the Middle East.

AMD CEO Lisa Su joins 'Squawk Box' to discuss the company's quarterly earnings results, takeaways from the company's analyst day, AI chip demand, state of AI tech race, AMD's partnership with OpenAI,

AMD ( AMD) CEO Lisa Su says she believes the data center market will be worth $1 trillion by 2030. Su made the announcement during the chipmaker's Financial Analyst Day in New York on Wednesday, where she outlined the company's revenue growth and projections for its performance moving forward.

Advanced Micro Devices Inc. (NASDAQ: AMD) chief executive Lisa Su agrees that aggressively spending on artificial intelligence (AI) resembles a “gamble” in some ways. But “it’s the right kind,” she added in a CNBC interview on Wednesday morning.

AMD’s stock jumped by more than 9% on Wednesday after CEO Lisa Su said revenue could grow 35% annually over the next five years, as Su anticipates a “new era of growth” for the chipmaker while it positions itself in what she said could become a $1 trillion market.

Advanced Micro Devices , Cisco Systems and Saudi Arabian artificial intelligence startup Humain are forming a joint venture to build data centers in the Middle East and have landed their first customer,

AMD CEO Lisa Su praised the Trump administration's artificial intelligence policies, predicted a $1 trillion data center market and more on "The Claman Countdown."

AMD CEO Lisa Su said she didn't grow up with her distant cousin Nvidia CEO Jensen Huang and that the two didn't meet until "well in to their careers."

Shares of Advanced Micro Devices (NASDAQ:AMD) lost 4.27% over the past month after soaring 46.01% the month prior. The chipmaker stock’s strong performance of late has brought its year-to-date gain to 90.

Nvidia CEO Jensen Huang has projected that AI infrastructure spending will reach $3 trillion to $4 trillion by the end of the decade. After a slate of multiyear, multi-gigawatt deals between OpenAI with AMD,

AMD, Cisco and HUMAIN, a PIF company delivering global full-stack AI solutions, announced today plans to establish a joint venture aimed to support the development of Saudi Arabia's position as a leading provider of world-class AI solutions for regional and global customers.