AMD feels that it's very important as we address a whole host of vertical markets, retail of course being one of them, with meaningful solutions that are going to allow you to get more efficiencies out of your operations. We've recently collaborated with StorMagic. We understand retail IT.There's no IT staff present in stores. Margins are exceptionally thin. Infrastructure options are critical and they have to sustain operations.Gartner has recently updated their research across all industries and their lat ...

Core Insights - Advanced Micro Devices (AMD) reported adjusted earnings of 48 cents per share, which fell short of the expected 49 cents per share, leading to a more than 5% decline in shares [2] - CEO Lisa Su highlighted the impact of U.S. export controls on artificial intelligence chips, noting a year-over-year decline in AI business revenue due to restrictions on MI308 sales to China [2] - AMD forecasted revenue of $8.7 billion for the current quarter, which is above the $8.3 billion expected by analysts, but this guidance does not include revenue from the MI308 AI chip for the China market [3] Company Strategy - The company is actively engaging with the U.S. administration regarding license requirements for shipping chips to China, while maintaining a cautious outlook on guidance [4] - CEO Su emphasized the strength of AMD's portfolio and identified a significant market opportunity, estimating it to be over $500 billion in the coming years [4]

Core Viewpoint - AMD's board of directors has approved an additional $6 billion in share buybacks, reflecting confidence in the company's strategic direction and growth prospects [1][2]. Summary by Relevant Sections - **Share Buyback Program** - The newly authorized share repurchase program amounts to $6 billion, supplementing the existing $4 billion in approved repurchases [1]. - Following the announcement, AMD's stock price increased by 6% [1]. - **Management Commentary** - CEO Lisa Su emphasized that the expanded share repurchase program demonstrates the board's confidence in AMD's strategic direction, growth prospects, and ability to generate strong free cash flow consistently [2].