Advanced Micro Devices on Tuesday forecast a $1.5 billion hit to revenue this year due to new U.S. curbs on chips, which require the company to obtain a license to ship advanced artificial-intelligence processors to China.

Computer processor maker AMD (NASDAQ:AMD) in Q1 CY2025, with sales up 35.9% year on year to $7.44 billion. Guidance for next quarter’s revenue was better than expected at $7.4 billion at the midpoint,

The semiconductor company reported first-quarter adjusted earnings per share of 96 cents late Tuesday, compared to Wall Street’s consensus estimate of 94 cents, according to Fac