Evercore sees potential upside to 2025 estimates for AMD (AMD) after the company said it will resume shipments of its MI308X chips to China after U.S. approval.

Nvidia Corp. and Advanced Micro Devices Inc. plan to resume sales of some AI chips in China after securing Washington’s assurances that such shipments would get approved, a dramatic reversal from the Trump administration’s earlier stance on measures designed to limit Beijing’s AI ambitions.

Waiting for license approval but plans to resume shipments of the MI308 accelerator soon-ish The US government has cleared AMD to resume exporting some accelerators to China.… "We were recently informed by the Department of Commerce that license applications to export MI308 products to China will be moving forward for review,