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AMD reports strong overall revenue growth but faces challenges in AI chip sales due to U.S. export restrictions.
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.
The company forecasts Q3 revenue of $8.7 billion, above analysts' expectations, but excludes sales to China.
CEO Lisa Su remains optimistic about AMD's AI business, aiming for annual revenue of tens of billions.
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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AMD informa de un fuerte crecimiento general de los ingresos, pero se enfrenta a desafíos en las ventas de chips de IA debido a las restricciones de exportación de los Estados Unidos.