Overview

• On July 15, AMD said it will resume MI308 AI chip exports to China once it secures U.S. Commerce Department licenses, driving a 6% intraday gain in its shares.
• The Commerce Department has reopened review of AMD’s export applications for the MI308 series, reopening a critical channel to China’s semiconductor market.
• Wells Fargo upgraded AMD to an Overweight rating on July 16 and lifted its price target from $120 to $185, citing strong datacenter demand and roadmap execution.
• MI308 accelerators are central to AMD’s strategy to challenge Nvidia’s H100/H200 GPUs and Intel’s AI chips in high-performance computing.
• Geopolitical and regulatory uncertainties under current U.S.-China trade policies remain key risks to AMD’s ability to sustain growth in its second-largest market.