On the top line, AMD generated sales of $7.69 billion, representing a 32% lift from the year-ago period. This tally also exceeded the consensus view of $7.42 billion. Still, it wasn’t enough to convince investors to hold onto AMD stock,

The chipmaker sets September-quarter guidance above Wall Street’s expectations but doesn’t factor in a restart of China sales

In Q2, the chipmaker's data center revenue grew just 14% year over year, versus 57% in Q1, due to the export controls that prevented the sale of its AI-enabling GPU chips to China.