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Posted by
Two Blokes Jul 16 -
Filed in
Stock
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US approval of GPU sales to China reverses AMD's revenue hit, restoring growth and margin prospects. The company is likely back on track to achieving $8.3B in AI revenues this year. The company's AI revenue outlook improves, with China sales resuming and hyperscaler clients like Oracle and Meta boosting capex. Current pessimism in Advanced Micro Devices' valuation offers upside as analyst estimates lag behind positive developments and earnings upgrades loom.
