AMD Chip Supply Improving Each Quarter; Stock Up

Advanced Micro Devices CEO Lisa Su is “quite pleased” with progress her company is making to increase supply amid the strong “semiconductor demand environment,” she said on a Q2 call Tuesday. “We've been working on supply for the past couple of quarters,” she said. “We do see some level of constraints, but we are making progress each quarter,” enough so AMD exceeded its revenue guidance for the quarter, she said. Supply is “tight, like you've heard from many other companies, through the end of this year,” but capacity “improves in 2022,” said Su: “We do have confidence that we can continue to grow substantially as we go into the second half of this year and into 2022 with the supply chain.” The stock closed 7.6% higher Wednesday at $97.93.