South Korean AI startup Upstage announced a potential pre-IPO funding round on September 10, 2026. The AMD-backed company is exploring the capital raise ahead of a possible stock market debut. This move reinforces AMD’s strategy to expand its AI ecosystem beyond hardware manufacturing.
AMD CFO Jean Hu recently projected a $3 trillion addressable AI market by 2030. Hu shared this outlook at the Citi Global TMT Conference. The forecast prompted analysts to increase price targets as institutional interest in AI infrastructure grows.