Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 2.3% – What’s Next?

Advanced Micro Devices, Inc. (NASDAQ:AMD) fell 2.3% during mid-day trading on Thursday . The stock traded as low as $525.00 and last traded at $539.69. 26,531,943 shares were traded during mid-day trading, a decline of 27% from the average session volume of 36,415,051 shares. The stock had previously closed at $552.33.

Key Stories Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD secured a landmark AI partnership with Anthropic, including up to 2GW of future GPU deployments, which could materially expand data center revenue and strengthen AMD’s position versus Nvidia. Article Title
• Positive Sentiment: AMD expanded its AI push at Advancing AI 2026, unveiling Helios rack-scale systems, new EPYC CPUs, and Instinct MI400-series GPUs, signaling a broader full-stack AI strategy. Article Title
• Positive Sentiment: AMD announced additional AI ecosystem wins, including partnerships with Cerebras, Schneider Electric, Vultr, Liqid, and others, reinforcing demand for its Helios and Instinct platforms. Article Title
• Neutral Sentiment: The Cerebras partnership could improve AMD’s AI inference story by combining Helios with Cerebras’ wafer-scale engine, but the first availability is still later in 2026. Article Title
• Negative Sentiment: Some articles note AMD’s elevated valuation and the long wait for revenue from these deals, which can weigh on shares if investors want faster near-term monetization. Article Title

Wall Street Analysts Forecast Growth

AMD has been the subject of several analyst reports. Evercore reiterated an “outperform” rating and set a $579.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, May 19th. Zacks Research downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. KeyCorp upped their target price on Advanced Micro Devices from $530.00 to $725.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Oppenheimer cut Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a research note on Wednesday, May 6th. Finally, Mizuho raised their price target on Advanced Micro Devices from $515.00 to $615.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $474.05.

Advanced Micro Devices Price Performance

The company has a market cap of $880.02 billion, a PE ratio of 176.95, a price-to-earnings-growth ratio of 1.58 and a beta of 2.47. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The stock has a 50 day moving average of $508.85 and a 200-day moving average of $337.19.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm’s revenue was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 EPS. Equities analysts predict that Advanced Micro Devices, Inc. will post 6.25 earnings per share for the current year.

Insider Activity

In related news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total value of $57,586,250.00. Following the transaction, the chief executive officer owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. This represents a 4.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the transaction, the executive vice president directly owned 324,527 shares of the company’s stock, valued at $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 341,630 shares of company stock valued at $152,147,456. 0.50% of the stock is owned by insiders.

Institutional Trading of Advanced Micro Devices

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Advanced Micro Devices by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock worth $33,949,256,000 after purchasing an additional 2,525,109 shares during the period. State Street Corp raised its stake in shares of Advanced Micro Devices by 1.5% during the 4th quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer’s stock valued at $16,044,712,000 after buying an additional 1,094,835 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Advanced Micro Devices by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock valued at $8,015,897,000 after buying an additional 287,525 shares during the period. Norges Bank acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $4,929,312,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Advanced Micro Devices by 0.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,325,288 shares of the semiconductor manufacturer’s stock worth $4,352,864,000 after buying an additional 55,969 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.