AMD stock slumps 5% on earnings miss, China AI chip concerns
1. AMD shares fell over 5% due to missed earnings expectations. 2. CEO attributes revenue decline to U.S. AI chip export restrictions. 3. AMD forecasts $8.7 billion revenue next quarter, above analyst expectations. 4. China shipments restart timing remains uncertain, causing investor concerns. 5. Data center business grew 14% but faces operational challenges ahead.