The chipmaker sets September-quarter guidance above Wall Street’s expectations but doesn’t factor in a restart of China sales

The AI data-center market has been moving toward “full stack” rack-scale solutions led by Nvidia. In March, AMD closed its acquisition of ZT Systems, giving the company more expertise to design rack-scale AI servers incorporating chips, networking, and software in a larger end-to-end system offering in the future.

Advanced Micro Devices Inc. earnings are expected to show the chipmaker is increasingly benefiting from the artificial intelligence arms race.