AMD earnings beat as overall sales surge by 36%
1. AMD reported strong Q1 earnings, exceeding expectations significantly. 2. Chip sales grew 36% year-over-year, driven by high demand for AI products. 3. Demand for Zen 5 chips surged, boosting client revenue up by 68%. 4. Gaming segment sales fell 30% due to reduced console chip sales. 5. AMD faces $800 million in costs from new U.S. AI chip export restrictions.