AMD Stock Outlook Mixed Ahead of Earnings Amid Export Curbs
Advanced Micro Devices faces a pivotal earnings report as analysts project rising revenue but declining profits. The chipmaker's $7.43 billion Q2 sales estimate reflects 27% annual growth, driven by data center demand, while adjusted net income may halve to $796.6 million. Export restrictions to China loom large—AMD previously warned of an $800 million revenue hit.
Wall Street's cautious Optimism stems from potential easing of trade barriers. Six of ten analysts maintain buy ratings, anticipating approval for resumed MI308 chip exports to China. The semiconductor firm's stock trajectory hinges on regulatory clarity and data center performance.