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Advanced Micro Devices, Inc.

AMD · NASDAQ

Market closed$495.76$-5.18 (-1.03%)After hours $492.50 · -0.66%

Key statistics

Previous close$500.94
Open$477.25
Day high$505.88
Day low$460.21
52-week high$584.73
52-week low$149.22
Market cap808.39B
Volume30.16M
Average volume35.82M
P/E ratio108.24
Forward P/E38.53
EPS4.58
Dividend yield0.00%

Market context

Why it moved

AMD shares fell as part of a broad semiconductor sector sell-off driven by a risk-off rotation, as investors questioned the sustainability of AI infrastructure spending following Taiwan Semiconductor's higher-than-expected capital expenditure guidance and the unveiling of a powerful open-source AI model by Chinese startup Moonshot, which challenged the "more compute" thesis underpinning premium chip valuations.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Advanced Micro Devices declined modestly on Friday, caught in a broader semiconductor sector selloff that saw the PHLX Semiconductor Index drop sharply as investors rotated out of AI names despite solid underlying fundamentals. JPMorgan's Global Market Strategist noted chip earnings remain 'absolutely rock solid,' but warned the sector's next leg higher depends on hyperscalers reaffirming AI capex commitments during upcoming earnings season. Compounding pressure were concerns over China's Moonshot AI launching Kimi K3, the world's largest open-source AI model, alongside escalating U.S.-Iran tensions and Netflix's disappointing guidance raising fresh doubts about the AI investment cycle's near-term trajectory.

-1.0341

July 17, 2026Advanced Micro Devices tumbled alongside the broader semiconductor sector as investors aggressively rotated out of AI-linked chip stocks following TSMC's Q2 earnings, which beat profit expectations by a wide margin but triggered a sector-wide selloff on concerns over rising capital expenditure guidance and increasingly stretched valuations. TSMC's decision to raise its 2026 capex outlook to $60–$64 billion — well above prior guidance — shifted investor focus toward margin compression and free cash flow, sparking profit-taking across high-multiple chip names including AMD, which had surged over 150% year-to-date heading into the session. The decline was particularly sharp for AMD given its premium valuation and upcoming catalysts: the July 22 Advancing AI 2026 conference where it will commercially launch its Zen 6 'Venice' EPYC server processor on TSMC's 2nm process, and Q2 earnings on August 4 where analysts broadly expect a beat-and-raise quarter.

-5.3294

July 16, 2026Advanced Micro Devices fell nearly 3.5%, reversing an earlier gain, as semiconductor stocks faced renewed profit-taking despite a broadly constructive backdrop. The session began with bullish tailwinds — multiple analysts raised price targets (KeyBanc to $725, Bank of America to $620, TD Cowen to $675, BNP Paribas to $600) and reports surfaced that a Kingsoft-linked Chinese cloud firm received U.S. approval to use AMD AI chips, a positive signal for China re-engagement. However, chip stocks gave back gains as the sector navigated volatile swings driven by geopolitical uncertainty around U.S.-Iran tensions, ongoing AI spending debate, and valuation concerns ahead of AMD's high-stakes Advancing AI 2026 conference on July 22-23, where the Zen 6 'Venice' EPYC processor will commercially launch. Investors are also eyeing Q2 earnings on August 4, with Bank of America expecting a beat-and-raise quarter on surging EPYC and MI-series AI accelerator demand.

-3.4645

July 15, 2026Advanced Micro Devices shares rose nearly 3% as a wave of bullish analyst activity converged with a cooler-than-expected June CPI report, which lifted semiconductor stocks broadly. KeyBanc dramatically raised its price target to $725 from $530, Bank of America lifted its target to $620 citing "exceptional" server chip demand and a likely "beat and raise" quarter, and TD Cowen raised its target to $675 — all reinforcing optimism ahead of AMD's July 22 Advancing AI conference, where its first 2nm Zen 6 "Venice" EPYC server processor launches commercially, and Q2 earnings on August 4.

2.5712

July 14, 2026Advanced Micro Devices shares tumbled alongside the broader semiconductor sector as a confluence of macro pressures rattled investor sentiment: renewed U.S.-Iran military hostilities sent oil prices surging ~5%, weighing on risk appetite, while a 15% plunge in SK Hynix shares in South Korea sparked a broad AI chip selloff that dragged peers lower. Despite upbeat analyst activity — BofA raised its price target to $620 citing 'exceptional' server chip demand, TD Cowen lifted its target to $675, and Phillip Securities raised its target to $755 — the macro headwinds and AI-sector profit-taking dominated, with AMD declining sharply as the Philadelphia Semiconductor Index extended its pullback from June record highs. Investors are now focused on AMD's August 4 earnings report, where BofA expects a 'beat and raise' quarter.

-4.2123

July 11, 2026Advanced Micro Devices gained more than 2%, extending Thursday's 5.7% surge as semiconductor stocks continued to rebound from last week's AI-valuation selloff triggered by Samsung's earnings. Investors are increasingly focused on AMD's July 23 'AI Advancing Day' event and August 4 Q2 earnings, with bullish catalysts stacking up: Stifel raised its price target to $635, ARK Invest published analysis arguing AMD chips offer better price-performance than Nvidia on select workloads, and Goldman Sachs ($640 target) expects CEO Lisa Su to outline sustained server CPU demand. SK Hynix's successful Nasdaq debut further reinforced institutional appetite for AI chip names.

2.0431

July 10, 2026Advanced Micro Devices surged nearly 6% as the semiconductor sector rebounded sharply, recovering from Tuesday's AI-driven selloff triggered by Samsung's record earnings failing to impress investors. A key catalyst was AMD's announced collaboration with 5C to build gigascale AI campuses using its Helios rack-scale solutions, reinforcing its AI infrastructure narrative ahead of its Q2 earnings report on August 4. Goldman Sachs also reiterated a Buy rating with a $640 price target, while Wells Fargo and Cantor Fitzgerald had recently raised targets to $615 and $700 respectively, underscoring broad analyst optimism even as the stock trades well above the consensus average target.

5.6648

July 9, 2026Advanced Micro Devices closed modestly higher, recovering from Tuesday's sharp 6.5% selloff triggered by a broad semiconductor sector rout. The prior session's decline was driven by Samsung's record Q2 earnings that nonetheless disappointed lofty AI expectations, compounded by reports that China's DeepSeek is developing its own inference chip to reduce reliance on external hardware. Wednesday's partial rebound came despite fresh macro headwinds — escalating U.S.-Iran tensions after Trump declared the ceasefire 'over' sent oil surging 5%+ and weighed on broader markets. Analyst sentiment remains supportive, with Goldman Sachs and Wells Fargo both recently raising price targets citing EPYC server CPU strength and AI accelerator momentum, while investors eye AMD's July 23 AI event and Q2 results due August 4.

0.2509

24/7 Wall St. · July 17, 2026AMD Falls 5%, Intel Drops 4%, NVIDIA Slides 3% Before Recovering as Rotation Hits Semiconductor Stocks24/7 Wall St. · July 17, 2026Why AMD Stock Might Keep Outpacing Nvidia From HereSimply Wall Street · July 17, 2026AMD (AMD) Wins Major AI GPU Deals As Data Center Becomes Over Half Of SalesAd Hoc News · July 17, 2026AMD stock trades steady as investors weigh latest AI and data center momentumMarketBeat · July 17, 2026Barings LLC Makes New Investment in Advanced Micro Devices, Inc. $AMDSeeking Alpha · July 16, 2026AMD: The CPU King (NASDAQ:AMD)markets.businessinsider.com · July 16, 2026AMD Appoints Alan Smith as Newest Corporate FellowTradingView · July 16, 2026Why AMD Stock Is Falling Premarket Today Despite Fresh Price Target Hikes
Benzinga · July 17, 2026Xi Jinping Rejects AI 'Solo Performance' by One Country as China's Kimi K3 Lands to Challenge OpenAI, Anthropic
Benzinga · July 16, 2026AMD's $600 Target Isn't Really About AMD
Benzinga · July 16, 2026Why Is AMD Stock Falling Thursday?
Benzinga · July 15, 2026AMD’s MI450 Could Finally Challenge Nvidia at the Rack Level
Benzinga · July 15, 2026Here’s How Much You Would Have Made Owning Advanced Micro Devices Stock In The Last 15 Years
Benzinga · July 15, 2026What's Going on With AMD Stock Wednesday?
Benzinga · July 15, 2026US Official Says NVIDIA H200 Shipments to China Are 'Trivial'
Benzinga · July 15, 2026Nvidia Starts H200 AI Chip Shipments to China as US Approves Limited Exports

Peers

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