AMD CEO Dr. Lisa Su has been named Time Magazine's CEO of the Year for 2024. This prestigious recognition highlights her remarkable leadership in transforming AMD into a highly successful and innovative company.
Since Su took the helm in 2014, AMD's market value has soared, even surpassing that of its long-time rival, Intel. This impressive growth is largely attributed to the successful launch of the "Zen" CPU architecture and strategic acquisitions like Xilinx. AMD now boasts a diverse product portfolio well-suited for the age of AI.
AMD's Transformation and AI Strategy
Under Su's leadership, AMD's share price has increased by nearly 3,700% since 2014 (despite a recent dip from its March 2024 peak). This growth reflects the company's strong financial performance, including increased revenue and profitability.
While NVIDIA currently dominates the AI market, the growing trend of big tech companies developing custom AI chips (like those from Broadcom and Marvell) presents both a challenge and an opportunity for AMD. In an interview with Time, Su expressed optimism, suggesting that these custom chips will complement, rather than replace, AMD's offerings, allowing for diversified computing ecosystems.
AMD's Q3 2024 revenue reached $6.8 billion, exceeding the company's entire fiscal year 2014 revenue of $5.5 billion. This remarkable growth underscores AMD's successful strategy and execution.
Looking ahead to 2025, AMD recently underwent a strategic restructuring, streamlining its workforce to focus on key growth opportunities. With Su at the helm, AMD is well-positioned for continued success in the evolving tech landscape.
