Advanced Micro Devices (AMD) CEO Lisa Su defended the company’s forecast, citing increased demand over the past few months. Shares fell 13% on Wednesday. Su highlighted AI acceleration, strong datacenter business, and booming CPU demand. AMD posted strong Q4 results but faced analyst concerns over a weak outlook.

AMD anticipates $9.8 billion in revenue for Q1, surpassing expectations. Analysts expected a stronger outlook due to AI spending and data center growth. AMD faced high expectations following major partnerships in Q4, driving increased investments in data centers to meet AI demands.

Su expects an “inflection point” in the second half with the launch of Helios, AMD’s new integrated server-scale AI system. The company remains confident in its position despite mixed analyst reactions to its forecast and recent performance.

Read more at CNBC: AMD’s Lisa Su addresses AI demand and guidance concerns