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]