AMD Seen Rebounding in China AI Sales on $675 Million Alibaba Order
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Advanced Micro Devices Inc. (AMD) is poised for a rebound in its AI business with a potential $675 million order from Alibaba Group for GPU shipments to China. This agreement could help AMD regain market share lost to Chinese competitors due to trade restrictions. Analysts predict a significant increase in profits per share by 2030, driven by growing demand for AI and data center infrastructure. AMD's compliance with U.S. export rules while re-entering the Chinese market may enhance sales, supporting a long-term price target of $600.
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