AMD’s AI story was already ‘tenuous,’ and now the stock has new challenges - MarketWatch
1. AMD is deemed 'uncompetitive' in the AI market by Bernstein Research. 2. New U.S. export controls prevent AMD from selling AI accelerators in China. 3. AMD's Q2 revenue estimates dropped to $6.79 billion, facing challenges. 4. AMD to incur an $800 million charge for unsellable AI chips. 5. Analyst predicts significant earnings drop for AMD due to market pressures.