To: Johnny Canuck who wrote (63984 ) 6/17/2025 3:45:33 AM From: Johnny Canuck Read Replies (1) | Respond to AMD shares rise 9% after analysts say they expect a ‘snapback’ for chipmakerSalvador Rodriguez @sal19 WATCH LIVE Analysts at Piper Sandler wrote in a note on Monday that they expect a snapback for AMD’s GPU business in the fourth quarter. That’s when the analysts expect the chipmaker should be through the bulk of the $800 million in charges that AMD said it would incur due to exports to China. Last week, AMD unveiled a full-server rack called Helios that enables thousands of the chips to be tied together. Advanced Micro Devices $800 million in charges that AMD said it would incur as a result of a new U.S. license requirement that applies to exports of semiconductors to China and other countries. AMD revealed its next-generation artificial intelligence chips, the Instinct MI400 series. Notably, the company unveiled a full-server rack called Helios that enables thousands of the chips to be tied together. That chip system is expected to be important for AI customers such as cloud companies and developers of large language models. OpenAI CEO Sam Altman, who said they sounded “totally crazy.”President Donald Trump announced sweeping new tariffs and AMD warned of the chip control charges.WATCH: AMD CEO Lisa Su: We are still in the very early innings of AI News TipsGot a confidential news tip? We want to hear from you.Get In Touch CNBC NewslettersSign up for free newsletters and get more CNBC delivered to your inboxSign Up Now Get this delivered to your inbox, and more info about our products and services. Advertise With Us Please Contact Us A Division of NBCUniversal Market Data Terms of Use and Disclaimers Data also provided by
