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Semiconductor chip companies, including Nvidia, AMD, Broadcom, Marvell Tech, and Super Micro had a volatile week due to trade ...
AMD stock is down 26% year-to-date.I-HWA CHENG/Getty Images AMD stumbles in AI race. AMD shares have been under pressure for months. The company has been trying to catch up to Nvidia in AI ...
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AMD Sees $800 Million Charge From Export Curbs on AI Chips - MSNAdvanced Micro Devices Inc. said it expects to take a charge of as much as $800 million after the Trump administration put new restrictions on semiconductor exports to China.
Potential Easing of China Restrictions. Earlier this month, AMD mentioned that new U.S. export restrictions targeting its MI308 AI chips could cut its 2025 revenue by $1.5 billion.
AMD Stock Performance Image Source: Zacks Investment Research In 2024, AMD’s Data Center revenues accounted for roughly 50% of annual revenues and jumped 69% year over year to $3.9 billion.
Advanced Micro Devices shares are trading lower by 11.5% over the trailing week. Investors are weighing U.S. government restrictions on AI chip exports to China and several other regions.
Shares of Advanced Micro Devices (AMD 4.10%), commonly referred to as AMD, charged sharply higher on Wednesday, gaining as much as 8.9%. As of 11:34 a.m. ET, the stock was still up 4.9%.
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