The analysis is based on AMD's Q2 2025 financial results. Earnings per share missed estimates at 48 cents adjusted versus 49 cents expected. Revenue beat expectations at $7.69 billion versus $7.42 billion expected. Guidance for the third quarter is strong, expecting sales of $8.7 billion plus or minus $300 million, versus analyst expectations of $8.3 billion. Revenue growth was 32% year-on-year. Non-GAAP gross margins decreased from 53% to 43%. Operating income and earnings per share on a non-GAAP basis also declined year-on-year. The data center business revenue was weak but client and gaming segments showed 69% overall growth. Chip export restrictions to China had a negative impact of $800 million in the June quarter. The speaker said shipments expected to resume waivers potentially being approved. The guidance does not include China revenues. The speaker provided a valuation model with an earnings per share of $3.96 for 2025, 48% growth for 2026 and 20% from 2027 to 2030 with a PE ratio of 30 times implying a $364.59 target.