AMD Stock Declines as Earnings Drop 30% on Government Restricting Advanced AI Chip Sales to China
Key Points Second-quarter revenue beat Wall Street’s estimate and adjusted earnings per share (EPS) met the analyst expectation. Third-quarter guidance for revenue growth was 28% year over year, above the analyst consensus estimate of 27%. AMD took approximately $800 million in inventory and related charges stemming from the U.S. export controls restricting sales of advanced ...












