AMD’s Rosy Sales Outlook Overshadowed by China Trade Concerns

Advanced Micro Devices Inc., Nvidia Corp.’s closest rival in artificial intelligence processors, offered an upbeat revenue outlook for the current period, even while warning that US export curbs will take a bite out of sales.

Second-quarter revenue is forecast to be about $7.4 billion, the company said Tuesday. That compares with an average analyst estimate of $7.23 billion. Chief Executive Officer Lisa Su also reiterated her projection that new chips debuting soon will help boost sales in the second half of the year.

The bullish forecast was overshadowed by a warning that US restrictions on sales to China ...