Advanced Micro Devices is on track to restore its AI GPU presence in China, with industry sources indicating a potential order of $675 million from Alibaba Cloud before year-end. This follows the April 2025 export-control hiatus that forced AMD to ship downgraded MI308 units; the China-specific MI308 has now recaptured over 30% of lost market share within two quarters, outpacing domestic competitors by 15 percentage points. The anticipated Alibaba order would represent roughly 20% of AMD’s total data-center GPU revenue in 2025, underscoring renewed demand for its accelerators among leading Chinese cloud providers.

At its 2025 Financial Analyst Day, AMD management detailed a roadmap targeting earnings per share rising from under $4 in fiscal 2025 to more than $24 by 2030—an annualized gain exceeding 45%. The forecast assumes sustained double-digit revenue growth across data center (projected CAGR above 50%), client computing, and embedded segments, coupled with margin expansion driven by the transition to TSMC’s N2 process and a new die-to-die interconnect. Management highlighted a path to reach operating margins north of 25% by the second half of the decade, fueled by the high-end Instinct GPU lineup and economies of scale in both manufacturing and R&D.