Advanced Micro Devices forecast third-quarter revenue above Wall Street estimates on Tuesday, betting on upbeat demand for its artificial intelligence chips from businesses rushing to expand infrastructure to dominate the latest technology.

The deal to pay the US government from sales in China is unusual for a president, and marks Trump's latest intervention in corporate decision-making

Nvidia N/A and AMD AMD-Q have agreed to give the U.S. government 15% of revenue from sales to China of advanced computer chips, a U.S. official said on Sunday, in an unusual move likely to faze American companies.