Nvidia, AMD to resume AI chip sales to China
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AMD shares climbed again Wednesday amid optimism about the company's plans to restart exports of its MI308 chips to China. Monitor these key chart levels.
The sales resumption of Nvidia's H20 processors and Advanced Micro Devices' (AMD) MI308 chips in China is expected to ease the anxiety of local artificial intelligence companies, according to analysts.
AMD posts 36% revenue growth in Q1, driven by AI and Data Center momentum. Renewed China access strengthens its outlook. Read why I'm raising my AMD rating to Strong Buy.
AMD stock jumps 8% as analysts grow bullish on its AI chip momentum, China export approval, and hyperscaler demand.