PREVIEW: AMD stock slips ahead of earnings amid China export curbs

Advanced Micro Devices AMD.O shares slipping 1.4% on Tues ahead of qtrly results after the bell, as investors focus on potential impact of U.S. export restrictions to China

Analysts expect qtrly rev up 30% to $7.13 bln, with adjusted EPS seen at $0.94 vs $0.62 yr-ago, per LSEG, highlighting growth despite larger rival Nvidia's NVDA.O lead in AI

Co on April 16 said it expects charges of up to $800 mln due to the latest curbs by the Trump administration on exports of advanced processors to China

AMD recently traded at 20 times expected earnings, low vs its avg forward PE of 33 over past five years, per LSEG data

Stock has dipped about 18% year to date, underperforming Nasdaq .IXIC, which fell 8% in same period

AMD's stock is about 47% below its 52-week intraday high of $187.28 reached on July 10, 2024