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flag AMD reports strong overall revenue growth but faces challenges in AI chip sales due to U.S. export restrictions.

flag Despite a 14% growth in data center revenue to $3.2 billion, AMD reported a decline in AI chip revenue due to U.S. export restrictions to China and the transition to new MI350 series chips. flag The company forecasts Q3 revenue of $8.7 billion, above analysts' expectations, but excludes sales to China. flag CEO Lisa Su remains optimistic about AMD's AI business, aiming for annual revenue of tens of billions. flag AMD's overall revenue rose 32% to $7.7 billion, driven by strong demand for its CPUs, with shares up 40% this year.

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