AMD’s shares surged after the company announced AI-driven revenue growth targets. The semiconductor giant expects a revenue growth of 20% annually through 2023, driven by demand for its products in the artificial intelligence space.

Investors are optimistic about AMD’s future prospects, leading to a 4% increase in its stock price. The company’s focus on AI-driven revenue growth targets has resonated well with shareholders, who see potential for substantial growth and market expansion in the coming years.

AMD’s CEO Lisa Su highlighted the company’s strong position in the AI market, citing the increasing demand for its products in data centers and cloud computing. The company’s strategic investments in AI technologies have positioned it well to capitalize on the growing market opportunities in the artificial intelligence space.

Read more at Investing.com: AMD shares rise as investors cheer AI-driven revenue growth targets