For those still talking about AMD's inability to grow due to wafer supply "shortages", please take a minute to think it through.
AMD is a large company, growing at an impressive pace. CEO Lisa Su started last year by planning for 25% year-on-year revenue growth, which already was ahead of their ambitious long-term financial target of 20% CAGR. Then at the peak of pandemic uncertainty she guided down to 21%. Then up to 31% after the Q2 surprise beat. Then up again to 41% after Q3. In the end, they achieved 45% year-on-year growth!
All that excess growth came from chip sales. All of which required excess wafer supply and packaging capacity — which she managed to secure. Obviously, she plans to be able to tap into excess supply well beyond initial projected targets. But there has to be a limit at some point.
No one could have predicted the strength of the PC market and crazy demand in the midst of a pandemic. Too ambitious planning is risky and may fail, and too rapid growth can be fragile and costly. I think AMD has done very well considering the circumstances. Personally, as a long-term shareholder, I'd be content with a steady 20% CAGR, in line with their financial model. I trust that wafer supply will be planned accordingly.