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AMD’s earnings fall short from China chip ban despite good traction in AI
Advanced Micro Devices Inc.’s stock headed lower in extended trading today after it delivered mixed financial results, with earnings coming up short of Wall Street’s targets. The chipmaker reported second-quarter earnings before certain costs such as stock compensation of 48 cents per share,
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While Nvidia dominates in AI GPUs, analysts still see room for AMD to capture a meaningful slice of the market.
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