AMD CEO Lisa Su has highlighted the rapid growth and significant potential of the AI market, predicting that the AI accelerator total addressable market (TAM) will grow at more than 60% annually to reach $500 billion by 2028. Despite reporting strong AI chip sales, AMD's latest forecast has left investors unimpressed, leading to a decline in its share price. Su emphasized the importance of AI in computing and the increasing demand for data center space and power. AMD's rival AI chip has become the fastest ramping product in its history, already pulling in $1 billion per quarter. In contrast, Intel has struggled to meet its AI revenue targets, with CEO Pat Gelsinger acknowledging that the company will not achieve its $500 million goal for Gaudi AI chips in 2024. Gelsinger expressed frustration over the slow disbursement of Chips Act funds, which was passed over two years ago and has impacted Intel's investment plans.