AMD CEO and Executives Sell Hundreds of Millions in Shares Amid AI Rally

From May 8 through June 2, senior executives and board members of U.S. semiconductor company Advanced Micro Devices, Inc. (AMD) — including CEO Lisa Su — sold portions of their shareholdings, generating proceeds in the hundreds of billions of Korean won. Under a pre-arranged trading plan, CEO Lisa Su sold approximately $66.2 million (around ₩890 billion) worth of AMD stock on May 13. Other insiders — including the Executive Vice President & Chief Strategy Officer and outside directors — also divested tens of millions of dollars in shares, while retaining substantial stakes in the company.

Meanwhile, on May 5 AMD reported first-quarter 2026 results that beat market expectations, posting revenue of about $10.3 billion and 57% growth in its data center segment. The company attributed its strong performance to robust demand for AI infrastructure. On May 21, AMD announced a strategic partnership with Nutanix to jointly develop an enterprise AI platform, further expanding its collaborations across the data center and enterprise AI ecosystem.

Headquartered in Santa Clara, California, AMD is a fabless semiconductor firm specializing in high-performance data center chips — including server CPUs, GPUs, and AI accelerators — and competes globally against peers such as NVIDIA. Since becoming CEO in 2014, Lisa Su has emphasized high-performance computing and AI infrastructure, reshaping AMD’s revenue mix to increasingly favor data center and AI-related products.