AMD CEO Lisa Su on Q2 results: We're in an extraordinary time for AI compute right now

Summary

AMD CEO Lisa Su joins Squawk on the Street to discuss Q2 earnings, a revenue beat of over 50%, and extraordinary AI compute demand driving accelerating data center business. Host Jim Cramer defends the stock's pullback as profit-taking after massive outperformance and argues that CPU margin concerns are overblown. Lisa Su highlights data center growth well over 100% into 2027, large AI partnerships, and an inflection in CPU demand, presenting a broadly bullish view on AMD's trajectory.

• AMD Q2 revenue grew over 50% year-on-year with strong momentum.
• Data center business is accelerating and expected to grow well over 100% through 2027.
• Large foundational AI model partners include OpenAI, Meta, and newly added Anthropic.
• CEO Lisa Su sees an inflection in CPU demand as AI workloads move into production, with AMD as the leader.
• Host Jim Cramer views the stock's post-earnings dip as profit-taking, not fundamental disappointment, and dismisses CPU margin concerns.
• Lisa Su forecasts the total computing and adaptive computing market reaching over $2 trillion by 2030.
• Enterprise IT budgets are balancing AI experimentation with cost management, using both large and smaller models.