AMD CEO Lisa Su says AI is the 'most important' technology of the past 50 years and 'everyone' will want an AI PC – Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices Company (NASDAQ:AMD) CEO lisa sue The company expects significant growth in the artificial intelligence space over the next few years, and says AMD is well-positioned to capture market share as the technology advances.

what happened: On CNBC's “Closing Bell: Overtime,” Su emphasized the importance of AI development on Monday.

“In fact, AI is the most important technology we've seen in the last 50 years. Probably the most important,” Su said.

“When you think about what businesses can do, all of us, research, development, all of their functions, we need more computing.”

AI technology is language-based, so anyone can use it, but it's still in its infancy, AMD's CEO said, adding that it will become faster, more accessible, and overall better in the future. She told CNBC that she expects AI to see “tremendous growth” over the next three to five years.

AMD is working to gain market share in this space through partnerships in cloud and edge computing. Su said the company also offers personal computers equipped with AI to increase the accessibility of AI.

“We're really excited about this suite of AI products that are moving from the cloud to the edge to the PC and really bringing user experiences to the point where everyone can use AI in some part of their lives.” said Su.

AMD CEO says that while people own a lot of personal data and use PCs as personal productivity tools as is, AI PCs will provide users with a much more capable personal assistant to improve productivity. He explained that it can be dramatically improved.

“As technology advances, I'm sure everyone will want an AI PC,” Su said.

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AMD price action: AMD stock closed 4.34% lower on Monday at $193.39, according to Benzinga Pro.

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