The chip maker expects “strong growth” this year despite the uncertain macroeconomic and regulatory environment.

Advanced Micro Devices Inc., Nvidia Corp.’s closest rival in artificial intelligence processors, offered an upbeat revenue outlook for the current period, even while warning that US export curbs will take a bite out of sales.

An export restriction imposed in April targeting AMD’s MI308 chips has taken a toll, but new chips are expected to boost sales in the second half.