AMD expects $1,5B revenue hit over US curbs on China chip exports
Semiconductor manufacturer Advanced Micro Devices (AMD) pulled off an earnings ($0.96 per share vs. estimates of $0.94) and revenue ($7.44 billion vs. estimates of $7.12 billion) beat in its first quarter. Despite all this, the chip company is expecting a $1.5 billion hit to its annual revenue tied to US curbs on chip exports to China.
Stifel applied technology analyst Ruben Roy comes on Wealth to talk about AMD’s revenue forecast and what China still represents to the AI chip industry amid trade tensions.
Also catch Synovus Trust senior portfolio manager Daniel Morgan’s commentary on AMD’s earnings print.
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AMD expects $1,5B revenue hit over US curbs on China chip exports, source
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