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.

Like Nvidia’s H20 chips, AMD’s MI308 products were specifically restricted by the Trump administration following the roll-back of the Biden-era AI Diffusion Rule, which was set to restrict access to AI chips and AI model weights by countries, determined by a tiered system decided by the US government.

Advanced Micro Devices Inc. (AMD) is reportedly set to restart shipments of its MI308 AI processors to China, following a provisional green light from U.S. regulators, a move that signals a notable change in approach to high-tech trade with Beijing.