公众号记得加星标⭐️，第一时间看推送不会错过。 特朗普政府曾于4月份禁止向中国出口此类芯片，但上个月改变了政策，这引发了人们对AMD及其竞争对手英伟达公司可 能很快恢复销售的希望。中国是全球最大的半导体市场，这些限制措施可能导致两家公司的总收入损失数十亿美元。 "由于我们的许可证仍在审核中，我们不会将任何 MI308 收入纳入第三季度业绩预期，"首席执行官苏姿丰在分析师电话 会议上表示。"由于美国出口限制实际上阻止了 MI308 对中国的销售，并且我们开始向下一代产品过渡，因此 AI 业务收 入同比下降。"Lisa Su接着说。 来源：内容 编译自彭博社 。 全球第二大人工智能处理器制造商AMD表示，该公司能否重返至关重要的中国市场难以预测，这掩盖了其对人工智能业务 普遍乐观的预期。 周二，AMD在其季度财报中拒绝预测其为中国设计的人工智能处理器Instinct MI308在中国的销量。这种不确定性给 AMD股价带来压力，导致其股价在盘后交易中下跌约5%。 截至收盘，AMD 股价在 2025 年上涨了 44%，成为半导体行业表现最佳的股票。 三个月前，AMD 表示，由于中国的出口限制，该公司将计入 8 亿美元 ...

Core Insights - Advanced Micro Devices (AMD) reported fiscal second quarter earnings that missed estimates, leading to a 5% decline in stock price during extended trading [1] - AMD's net income for the quarter was $872 million, or 54 cents per share, a significant increase from $265 million, or 16 cents per share in the same period last year [2] - AMD expects sales of $8.7 billion for the current quarter, exceeding previous earnings expectations of $8.3 billion [1] Financial Performance - AMD's adjusted gross margin was 43%, which would have been 54% without the impact of export control costs [6] - Revenue for AMD's data center segment reached $3.2 billion, up 14% year-over-year [6] - The Client and Gaming segment saw a 69% increase in revenue, driven by strong demand for AMD's latest desktop CPUs, with gaming revenue alone at $1.1 billion, up 73% year-over-year [7] Market Position and Strategy - AMD is the second-largest manufacturer of graphics processing units (GPUs) for artificial intelligence, following Nvidia, which dominates the market [3] - Major AI customers like Meta and OpenAI are increasingly considering AMD as an alternative to Nvidia's expensive chips, particularly for inference applications [3] - AMD announced new AI chips, the MI400, expected to launch next year, with OpenAI's CEO committing to using these GPUs [4] Regulatory Challenges - AMD faced export controls on some AI chips, notably the MI308, which previously cost the company $800 million in the June quarter [5] - The company anticipates resuming shipments of the MI308 after receiving indications of potential waivers from the Trump administration [5]