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AMD Shares Dip Despite Data Center Growth, AI GPU Constraints in China
AMD Shares Dip Despite Data Center Growth, AI GPU Constraints in China
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BTCCSquare news:
Advanced Micro Devices (AMD) shares fell post-earnings despite a 30% year-to-date gain, with Q2 data center revenue growth slowing to 14% ($3.2B). The decline followed U.S. export restrictions blocking MI308 GPU sales in China—a key AI market. CEO Lisa Su confirmed MI300/MI325 GPU adoption is expanding elsewhere, with 7 of 10 top AI firms now using AMD chips.
The company claims its new MI355 GPU rivals Nvidia's flagship B200 in training and inference performance. Server CPU market share gains continue, though investors remain wary of geopolitical headwinds. "AI demand isn't linear—it's exponential," Su noted during the earnings call, hinting at pending China export license approvals.
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