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."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."Nvidia shares climbed about 3% on Wednesday.Musk said Tuesday on the company's earnings call that AMD's AI chip rival had "the best architecture" and touted the close cooperation and partnership with Nvidia. in May 2025, Musk told CNBC's David Faber that his AI company would buy chips from both companies, and possibly others.Su called SpaceX "an incredibly important technology company" and said she's proud of the work AMD has done with them in several areas. She noted the company still has business with many tech companies, including those in the space market.AMD's stock sank 7% on Wednesday despite posting strong second-quarter earnings and guiding for Data Center segment growth "well over 100%."Su reinforced that outlook to CNBC on Wednesday, and explained how the company is planning into 2027 and beyond."We have much, much stronger customer...