India's incentives for semiconductor companies to develop, manufacture, and assemble products in India are considered beneficial by AMD. AMD sees China as an important market and is considering developing a China-specific AI chip to comply with U.S. export curbs, following Nvidia and Intel Corp's INTC strategies. Despite continued weakness in the PC market, AMD this week reported better-than-expected second-quarter results. Ruben Roy of Stifel said AMD is the "only viable alternative" to Nvidia's high-performance H100 and A100 GPUs. Price Action: AMD shares traded higher by 2.50% at $112.13 on the last check Thursday. Image by cebbi from Pixabay Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.