AMD Brushes Off China AI Sales Hit as Citi Calls Impact ‘Largely Immaterial’
Aug 13 – Advanced Micro Devices (NASDAQ:AMD) grabbed attention this week after reports revealed the chipmaker agreed to give the U.S. government 15% of its AI GPU sales in China in exchange for export licenses. While that sounds like a big deal, Citi analyst Christopher Danely says it’s largely immaterial to AMD’s bottom line. Danely…