AMD Forecasts Q2 CPU Revenue Up >70% YoY, US Blocks MI350x AI Chip Sales
AMD has more than doubled off its 52-week low of $113.28.
Summary
AMD projects Q2 CPU revenue to surge over 70% year-over-year, fueled by strong agentic AI demand. This robust guidance follows a series of strong quarterly results and positive CPU market forecasts. However, the U.S. Commerce Department has simultaneously banned sales of AMD's MI350x AI chips to Chinese-controlled firms outside China, introducing a new regulatory hurdle for a key AI product. While the CPU growth is a significant positive, the ban creates uncertainty around AMD's AI chip distribution in certain markets. Morgan Stanley remains bullish on the stock, citing AI-driven demand.
At the time of this announcement, AMD was trading at $525.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $884.6B. The 52-week trading range was $113.28 to $546.44. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.