"In comments given at the company's 2025 "financial analyst day," Advanced Micro Devices ( Nasdaq: AMD) CEO Lisa Su informed that "insatiable" demand for AI chips continues unabated today, and AMD is looking to grow its sales 35% annually over the next three to five years. Sales of AI chips for data centers will grow even faster, says the CEO - as much as 80% per year over the same period."
"It's Wednesday, and the U.S. House of Representatives looks ready to vote on a set of bills, that originated in the Senate Monday evening, to reopen the federal government, fund SNAP, WIC, and veterans' benefits through the end of fiscal 2026, and restore funding generally through January 30. The vote won't happen until this evening, if then, but the Vanguard S&P 500 ETF ( NYSEMKT: VOO) is already looking optimistic, rising 0.3% premarket."
The U.S. House appears set to vote on Senate-originated bills to reopen the federal government and fund SNAP, WIC, and veterans' benefits through the end of fiscal 2026, with funding restored generally through January 30. The Vanguard S&P 500 ETF rose 0.3% premarket on the prospect of a vote. Renewed interest in AI lifted markets as AMD projects 35% annual sales growth over three to five years and up to 80% annual growth for data-center AI chips, targeting double-digit data-center market share by 2028. AMD shares jumped over 6% premarket. TransDigm reported Q4 fiscal 2025 EPS of $10.82 on more than $2.4 billion revenue and guided fiscal 2026 EPS between $36.49 and $38.53.
Read at 24/7 Wall St.
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