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AMD shares climbed again Wednesday amid optimism about the company's plans to restart exports of its MI308 chips to China.
The announcement sent AMD stock up more than 6%, marking a rebound after months of export uncertainty. The chipmaker had warned in April that it could face up to $800 million in charges tied to ...
AMD stock is down 26% year-to-date.I-HWA CHENG/Getty Images AMD stumbles in AI race. AMD shares have been under pressure for months. The company has been trying to catch up to Nvidia in AI ...
Nvidia (NDVA) and AMD (AMD) may soon get the green light to sell AI chips to China again, potentially reviving a key growth ...
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AMD Sees $800 Million Charge From Export Curbs on AI Chips - MSNAdvanced Micro Devices Inc. said it expects to take a charge of as much as $800 million after the Trump administration put new restrictions on semiconductor exports to China.
Potential Easing of China Restrictions. Earlier this month, AMD mentioned that new U.S. export restrictions targeting its MI308 AI chips could cut its 2025 revenue by $1.5 billion.
Advanced Micro Devices shares are trading lower by 11.5% over the trailing week. Investors are weighing U.S. government restrictions on AI chip exports to China and several other regions.
The rise in AMD stock over the past four years has been inconsistent, with annual returns exhibiting considerable volatility compared to the S&P 500. Stock returns were 57% in 2021, -55% in 2022 ...
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