AMD jumps after analyst day unveils big targets

Advanced Micro Devices' AMD.O shares up nearly 6% at $251.38 premarket

AMD projects $100 billion annual data center revenue within five years

Expects market for company's data center chips to grow to $1 trillion by 2030 - CEO Lisa Su at analyst day

AMD targets 35% annual growth across entire business, 60% in data center segment over 3-5 years
Forecasts EPS rising to $20 in same period; LSEG estimates peg AMD's 2025 profit at $2.68 per share

"No splashy new customers, and execution obviously still required, but AMD has the tools to succeed in the most important market in tech", says TD Cowen

YTD, at last close, AMD up nearly 97% vs 46% increase in S&P 500 Semiconductors .SPLRCELCS index