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Momentum surged for Advanced Micro Devices (AMD), a semiconductor leader specializing in high-performance CPUs and GPUs, after it delivered a robust Q1 2025 beat and projected Q2 sales at $7.4 billion, 10% above Bank of America Corporation’s forecast. This outperformance came despite a $700 million headwind from China.
The upside surprise eased fears around artificial intelligence (AI) export curbs and Nvidia’s (NVDA) dominance in GPUs. Bank of America, now bullish, has upgraded AMD to “Buy” from “Neutral”, calling the risk-reward profile “compelling.”