Oppenheimer Research is advising investors to concentrate on development in Nvidia Corporation's NVDA key data center business in 2023 despite the company's issues with restrictions on chip sales to China and declining PC demand. What To Know: The Advanced Micro Devices, Inc. AMD rival chipmaker is set to report third-quarter earnings on Wednesday, Nov. 16. Wall Street expects the company to post earnings of 71 cents a share on revenue of $5.8 billion. Read also: Jim Cramer: This Semiconductor Stock Is 'Overvalued' But He's 'Sticking With It' Sales for the company's most significant business, its data center segment, are anticipated to decline by a percentage in the single digits from the prior quarter. A danger for the corporation has been a decrease in Chinese semiconductor demand. What The Analyst Says: Oppenheimer analyst Rick Schafer is reducing his estimates on Nvidia ahead of its earnings report, dropping the price target from $250 to $225 and maintaining an Outperform rating.