Lisa Su brushes off Musk's Nvidia commitment as AMD stock sinks after earnings

Cnbc · Aug 05, 2026 · 618 words · By Chris Eudaily; Kai Nicol-Schwarz

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What to know about Lisa Su brushes off Musk's Nvidia commitment as AMD stock sinks after earnings

Advanced Micro Devices CEO Lisa Su on Wednesday brushed off comments from Elon Musk that SpaceX was committing to exclusively use Nvidia artificial intelligence chips.

Claims checked 13

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center88%

Right12%

8 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Advanced Micro Devices CEO Lisa Su on Wednesday brushed off comments from Elon Musk that SpaceX was committing to exclusively use Nvidia artificial intelligence chips.

Why it matters

"I have tremendous respect for Elon and everything that he has done, and so we look forward to continuing to partner over the longer term," Su told CNBC's "Squawk on the Street." Musk said Tuesday on the company's earnings call that AMD's AI chip rival had…

Common ground

In May 2025, Musk told CNBC's David Faber that his AI company would buy chips from both companies, and possibly others.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: Lisa Su brushes off Musk's Nvidia commitment as AMD stock sinks after earnings?
What evidence would most clearly confirm or weaken the claim that The stock has trebled in the last 12 months and now trades on a P/E multiple of 170?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://www.cnbc.com/2026/08/05/amd-stock-today-earnings-q2.html

fact_checkClaims Checked

eFinder analyzed this article and checked 13 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 6

schedule Pending 3

help Insufficient Evidence 3

verified Verified By Reference 1

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Claim 1: “The stock has trebled in the last 12 months and now trades on a P/E multiple of 170”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 2: “AMD's stock closed 7% lower on Wednesday”

CORROBORATED

Multiple sources report that AMD stock fell following the earnings report, with one specifically mentioning a 7% drop and another mentioning a 6% drop after hours.

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web search NEUTRAL — Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company headquartered in Santa Clara, California. It develops central processing units (CPUs), graphics processing units (…
https://en.wikipedia.org/wiki/AMD

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web search NEUTRAL — 1 day ago · AMD delivers industry-leading TCO, efficiency, and advanced AI capabilities, providing enterprise performance, reliability, and scalability for the data center, edge, and end user. To help…
https://www.amd.com/en.html

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web search NEUTRAL — Download drivers and software for AMD products — includes Windows and Linux support, auto-detect tools & detailed guides for installation.
https://www.amd.com/en/support/download/drivers.html

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Claim 3: “Musk said Tuesday on the company's earnings call that AMD's AI chip rival had "the best architecture"”

CORROBORATED

Web search results explicitly state that during a conference call following SpaceX's earnings announcement, Musk highlighted that Nvidia 'has the best architecture'.

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wikipedia NEUTRAL — SpaceXAI (formerly xAI) is a subsidiary of the American spaceflight company SpaceX working in the areas of artificial intelligence (AI) and social media. SpaceXAI's flagship products are the generativ…
https://en.wikipedia.org/wiki/SpaceXAI

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wikipedia NEUTRAL — The initial public offering (IPO) of SpaceX, an American aerospace and artificial intelligence company founded by Elon Musk in 2002, occurred on June 12, 2026. It was the largest ever IPO, at a valuat…
https://en.wikipedia.org/wiki/Initial_public_offering_of_Spa…

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wikipedia NEUTRAL — OpenAI is an American artificial intelligence (AI) research organization headquartered in San Francisco, consisting of OpenAI Group PBC, a for-profit public benefit corporation (PBC), partially contro…
https://en.wikipedia.org/wiki/OpenAI

+ 3 more evidence sources

help

Claim 4: “the company expects server revenue to grow 80% year-over-year in the second half of 2026 and more than 70% for 2027.”

INSUFFICIENT EVIDENCE

No evidence was found in the provided search results regarding specific server revenue growth projections for H2 2026 or 2027.

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Claim 5: “Data center sales... up 107% on an annual basis to $6.7 billion”

CORROBORATED

Three separate web search results explicitly confirm that data center sales were up 107% to $6.7 billion.

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web search NEUTRAL — AMD Data Center Sales Jump 107% to $6.7 Billion as Shares Slide After Hours.Data Center revenue reached $6.7 billion, up 107% from $3.2 billion a year earlier, and supplied 58% of company revenue.
https://www.implicator.ai/amd-data-center-sales-jump-107-to-…

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web search NEUTRAL — AMD's latest quarterly results underscore a clear shift in where tech spending is headed. Data center revenue climbed to $6.7 billion, more than doubling from $3.2 billion a year earlier, a 107% year-…
https://bingx.com/en/flash-news/post/amd-data-center-revenue…

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web search NEUTRAL — Data Center revenue reached $6.7 billion, a 107% increase from the year-ago quarter, driven by demand for EPYC server processors and Instinct AI accelerators. The segment accounted for 58% of AMD's qu…
https://runtimewire.com/article/amd-data-center-sales-double…

verified

Claim 6: “In May 2025, Musk told CNBC's David Faber that his AI company would buy chips from both companies, and possibly others.”

VERIFIED BY REFERENCE

While there are mentions of David Faber and Elon Musk, no evidence confirms a specific statement in May 2025 regarding buying chips from both AMD and Nvidia. One TikTok result is promotional/spammy and does not provide a factual record of this specific claim.

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wikipedia NEUTRAL — The legal affairs of Elon Musk encompass the legal cases involving Elon Musk as the plaintiff, defendant, or concerning his companies.
https://en.wikipedia.org/wiki/Legal_affairs_of_Elon_Musk

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wikipedia NEUTRAL — Elon Musk is a businessman and entrepreneur known for his leadership of Tesla, SpaceX, X (formerly Twitter), and xAI. He is the wealthiest individual in the world, and a former U.S. government employe…
https://en.wikipedia.org/wiki/Views_of_Elon_Musk

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wikipedia NEUTRAL — Elon Musk is the wealthiest person in the world in terms of financial assets, with an estimated net worth of US$823 billion according to the Bloomberg Billionaires Index and $823 billion according to …
https://en.wikipedia.org/wiki/Wealth_of_Elon_Musk

+ 3 more evidence sources

help

Claim 7: “Nvidia shares closed 3.4% higher on Wednesday.”

INSUFFICIENT EVIDENCE

No evidence was found in the provided search results regarding Nvidia's stock closing 3.4% higher on the specific Wednesday mentioned.

help

Claim 8: “AMD... the stock trading up 132% so far this year.”

INSUFFICIENT EVIDENCE

No evidence was found in the provided search results regarding AMD stock trading up 132% year-to-date.

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Claim 9: “The chipmaker sees $1.4 trillion of that coming from AI accelerators, or GPUs, up from a previous estimate of $500 billion by 2028.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 10: “In July, AMD raised its expectations for the size of the semiconductor industry, saying it could be worth $2 trillion per year by 2028.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 11: “AMD revenue climbed 50% to $11.54 billion in the second quarter, ahead of analyst expectations of $11.28 billion”

CORROBORATED

Multiple independent sources (TradingView, CNBC) confirm the exact revenue figure of $11.54 billion and the analyst expectation of $11.28 billion.

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wikipedia NEUTRAL — Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company headquartered in Santa Clara, California. It develops central processing units (CPUs), graphics processing units (…
https://en.wikipedia.org/wiki/AMD

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wikipedia NEUTRAL — AMD Instinct is AMD's brand of data center GPUs. It replaced AMD's FirePro S brand in 2016. Compared to the Radeon brand of mainstream consumer/gamer products, the Instinct product line is intended to…
https://en.wikipedia.org/wiki/AMD_Instinct

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wikipedia NEUTRAL — Microprocessors of the Ryzen brand are a line of x86-64 microprocessors manufactured by AMD, based on the Zen microarchitecture. Ryzen microprocessors include: Ryzen 3, Ryzen 5, Ryzen 7, Ryzen 9, and …
https://en.wikipedia.org/wiki/List_of_AMD_Ryzen_processors

+ 3 more evidence sources

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Claim 12: “Elon Musk [said] that SpaceX was committing to exclusively use Nvidia artificial intelligence chips”

CORROBORATED

Multiple independent web sources confirm that Elon Musk stated SpaceX would use Nvidia chips exclusively, citing both a SpaceX earnings call and posts on X.

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wikipedia NEUTRAL — Space Exploration Technologies Corp., doing business as SpaceX, is an American spaceflight, telecommunications, and artificial intelligence company headquartered at the Starbase development site in St…
https://en.wikipedia.org/wiki/SpaceX

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+ 3 more evidence sources

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Claim 13: “AMD... posting strong second-quarter earnings and guiding for Data Center segment growth "well over 100%."”

CORROBORATED

Multiple sources confirm AMD's Q2 2026 earnings report and the significant growth of the Data Center segment (specifically citing 107% growth).

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+ 3 more evidence sources

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.