AMD now estimates its total addressable market for high-performance computing will reach $3 trillion by 2030, up from roughly $2 trillion projected in July. CFO Jean Hu disclosed the revised outlook at Citi’s Global TMT Conference on September 8, sending AMD shares about 6% higher to close near $508. The stock has more than doubled year to date. Hu attributed the increase to an AI super investment cycle involving accelerated spending on GPUs, server CPUs and AI-enabled PCs. AMD lifted its 2030 server CPU market estimate to roughly $220 billion from approximately $60 billion. CEO Lisa Su had previously estimated the data-center AI accelerator opportunity at $1.4 trillion by 2030. AMD plans to launch its MI450 accelerator this quarter for AI inference workloads, which the company views as a major growth area. Data-center revenue reached $6.7 billion in Q2 2026, representing 58% of total revenue and rising 107% from a year earlier. Management expects the segment to more than double again by 2027. AMD faces competition from Nvidia, Intel and cloud providers’ custom silicon, including Google’s TPUs and Amazon’s Trainium chips, while its reliance on TSMC for advanced-node manufacturing could limit its ability to meet its projections if foundry capacity is disrupted.