00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Advanced Micro Devices CEO Lisa Su dismissed Wall Street's concerns over artificial intelligence
00:08spending Thursday as chip stocks plunged, according to Benzinga. In an interview with
00:13Yahoo Finance, Su called the market short-sighted and defended long-term AI investments. She said
00:19companies should invest ahead of demand with a focus on the next three to five years and beyond.
00:24Su believes greater computing power makes companies more intelligent, better equipped
00:30to solve problems, and capable of growing faster. AMD shares fell as much as 17% during Thursday's
00:37session, according to Benzinga Pro. Investors feared a Democratic-controlled Congress could
00:42slow AI infrastructure investment after candidates opposing data center expansion won races in Texas
00:48and Georgia. Nationwide strategist Mark Hackett warned that shifts in sentiment can trigger
00:54intense reactions in the volatile chip sector. For all things money, visit Benzinga.com.
