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.

Investors likely wanted more upside after a rally in the stock price over the past three months. The chip maker reported second-quarter adjusted earnings per share of 48 cents, in line with Wall Street’s consensus estimate,

AMD reported net income during its fiscal second quarter of $872 million, or 54 cents per share, increasing from $265 million, or 16 cents per share in the year-ago period. Nvidia