The market has spent the past few years obsessing over the AI GPU boom, with those chips becoming some of the most sought-after products in tech. But Advanced Micro Devices (NASDAQ:AMD) recently reminded investors there’s another highly profitable opportunity gaining momentum alongside it.
That opportunity is the server CPU market, which CEO Lisa Su said is expected to grow at a 35% CAGR and reach $120 billion by 2030. AMD is already preparing for that expansion, with Su noting the company is increasing both wafer supply and back-end capacity to meet the anticipated surge in demand.
Su is not the only executive pointing in that direction. Intel CEO Lip-Bu Tan echoed a similar view during the company’s recent earnings call, reinforcing the growing belief that server CPUs could become one of the semiconductor industry’s next big growth engines.
So why does all of this matter for AMD stock? According to top investor Stone Fox Capital, this is precisely where the company’s next leg higher could come from.
But it’s not just the “huge” CPU upside that has Stone Fox excited, though the investor notes that CPU server sales could surge by 10x through 2030. It’s that expectations for AMD remain on the low side, with analysts “only” expecting $75 billion in revenue for 2027.
Indeed, Stone Fox assesses that upside from AMD’s deals with OpenAI and Meta...
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