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

AMD CEO Lisa Su also announced several new AI accelerators at CES 2026. (Image Source: Reuters)

Big tech has invested millions of dollars in AI, and billions in data centers around the world that would power the technology, and hardware companies like Nvidia and AMD are earning much more from the boom. While some experts argue that AI is just another bubble, like the dot-com one, others, such as AMD CEO Lisa Su, believe demand for the technology will explode in the coming years.

In a live discussion with Bloomberg Tech in Las Vegas, Su said that AI is “not hype”, and that global demand for technology will balloon to 5 billion users in the coming years. The AMD CEO claimed that the demand for AI data centres is expected to reach 10 yottaflops and that computing power will have to increase by 100 times in the next four to five years. “We are still in the early innings of unlocking the power of AI,” Su added.

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.