Sure, Advanced Micro Devices ( AMD) was reporting its quarterly results, but the world's second-largest economy loomed large after the chipmaker’s earnings fell short of expectations and raised concerns about the timing of a restart of shipments to China.

The AI data-center market has been moving toward “full stack” rack-scale solutions led by Nvidia. In March, AMD closed its acquisition of ZT Systems, giving the company more expertise to design rack-scale AI servers incorporating chips, networking, and software in a larger end-to-end system offering in the future.