AMD CEO Lisa Su Sees AI Inference Boom Fueling $1.5T Demand By 2030: 'About 60% Of The Market Going Forward'

Fermi Inc. (FRMI) shares rose 13.2% in pre-market trading after announcing a credit support agreement with AMD (AMD) for the first phase of its Texas AI infrastructure project, Project Matador. The agreement covers 222 MW of power capacity, with a framework for up to 650 MW of additional capacity. Fermi has invested over $1.5 billion in the project, aiming for a potential 17 GW capacity. The agreement does not confirm completed financing or binding commitments for future phases.

Fermi Inc. (NASDAQ:FRMI) shares rose 13.2% premarket after announcing a credit support deal with AMD (NASDAQ:AMD) for its Texas AI project, Project Matador. The agreement supports a 222 MW lease, with potential expansion up to 650 MW. Fermi has invested $1.5B in the project, aiming for 17 GW capacity with customer agreements.

Shares of AI chipmakers fell in Asia and U.S. premarket trading on Tuesday. SK Hynix and Samsung dropped 10.1% and 7.4%, respectively, while U.S. peers like Nvidia and AMD also declined. Broadcom's CEO warned about unrealistic AI investment expectations. Chinese chipmaker CXMT announced advancements in RAM chip technology, potentially challenging major rivals.

Semiconductor stocks fell as China's CXMT announced progress in DRAM technology. Micron (MU) dropped 3.9%, SOXL lost 8.2%. CXMT's 4F² architecture could challenge incumbents. TrendForce data shows CXMT's market share rose to 9.5%. Investors worry about pricing power erosion. Key semiconductor indices and stocks declined.

Nvidia and AMD shares fell on October 8, 2026, after a Financial Times report indicated OpenAI's annualized revenue run rate was $50 billion, below the expected $70 billion. Nvidia dropped 2.9% to $230.60, while AMD declined 4.55% to $616.48. Analysts attributed the market reaction to accounting differences, not a slowdown in AI demand, and noted OpenAI's enterprise segment grew 107%.

AMD introduced Helion, a new AI platform targeting agentic workloads. It features up to 128 EPYC CPUs with 32,768 Zen 6 cores and is available in Enterprise and Hyperscale configurations. Helion will be available from ecosystem partners next month and AMD plans to contribute its design to OCP.