Advanced Micro Devices (AMD) is potentially set to resume chip sales to China, with Alibaba considering ordering between 40,000 and 50,000 MI308 GPUs. This could mean a revenue windfall of $600 million to $1.25 billion for AMD. Despite this, U.S. approval is pending and Alibaba is also a chipmaker, although its chips are different. AMD’s stock has been performing well with strong financials, including Q3 sales of $9.25 billion, a 36% increase from the previous year. Analysts have a consensus “Moderate Buy” rating on AMD stock with a mean target price of $288.87, indicating a 34.2% upside potential.

Read more at Barchart: A Big China Catalyst Could Be Coming for AMD Stock in 2026. Should You Buy Shares Now?