Despite the losses, AMD estimates income in the second quarter as $ 6.7 billion, which exceeds analysts ($ 6.6 billion). The main coup will be in the second and third neighborhoods of the year, but the effect of restrictions in the fourth quarter should be reduced. Like Microsoft, thanks to customers who soften the results, the demand for AMD chips for AI is high.
Restrictions are related to the ban on export of technologies that can strengthen China’s technological potential. AMD plans to apply for a license, but its approval is not guaranteed. After the news, the company’s shares fell by 6.1%.
Source: Ferra
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