Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 3.3% – What’s Next?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price fell 3.3% during trading on Friday . The company traded as low as $518.00 and last traded at $521.95. 27,047,303 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 36,331,711 shares. The stock had previously closed at $539.69.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Wall Street continued raising price targets after AMD’s Advancing AI 2026 event, with multiple firms highlighting stronger confidence in AMD’s AI/data-center roadmap, including Helios rack-scale systems and next-gen Instinct GPUs. Several targets now sit well above the current trading range. AMD Stock Scores Price-Target Hikes On AI Computer News
• Positive Sentiment: AMD announced a technical partnership with Cerebras Systems to build an ultra-low-latency AI inference solution, combining AMD Helios with Cerebras technology and promising efficiency gains for agentic AI and enterprise inference workloads. AMD expected to launch next generation of AI infrastructure to challenge Nvidia
• Positive Sentiment: AMD also got a fresh boost from coverage around its new robotics/physical-AI push and from news that cloud and server partners are starting to adopt its latest AI hardware, reinforcing the view that AMD is gaining share in the AI buildout. AAI 2026: AMD Delivers Full-Stack Compute for the Agentic AI Era
• Neutral Sentiment: Several analysts reiterated bullish views, but not everyone agreed: Morgan Stanley maintained a Hold rating, showing that some on Wall Street still see competitive and execution risks even after the AI announcements. Joseph Moore Reiterates Hold on AMD…
• Neutral Sentiment: AMD shares also faced a broader semiconductor selloff as risk appetite weakened across AI memory and chip stocks, which is pressuring the stock despite the company-specific upbeat news. AI Memory Stocks Lead Chip Selloff
• Negative Sentiment: One headline noted AMD slipped even after announcing a robotics AI platform, underscoring that investors may be taking profits after the recent AI rally and are cautious about near-term valuation. AMD Stock Slips Despite a Robotics AI Push

Wall Street Analyst Weigh In

Several analysts have recently commented on AMD shares. Mizuho raised their price target on Advanced Micro Devices from $515.00 to $615.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Barclays lowered Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a report on Friday, June 12th. Morgan Stanley raised their target price on Advanced Micro Devices from $360.00 to $410.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Needham & Company LLC upgraded shares of Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $522.43.

Advanced Micro Devices Stock Down 3.3%

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. The firm’s 50-day moving average price is $510.65 and its 200 day moving average price is $339.41. The firm has a market capitalization of $851.09 billion, a price-to-earnings ratio of 171.13, a price-to-earnings-growth ratio of 1.60 and a beta of 2.47.

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

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the transaction, the executive vice president owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the sale, the executive vice president owned 105,222 shares in the company, valued at approximately $46,759,604.58. This trade represents a 18.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 310,310 shares of company stock valued at $141,185,456 in the last ninety days. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AMD. Regent Peak Wealth Advisors LLC increased its stake in Advanced Micro Devices by 1.1% in the second quarter. Regent Peak Wealth Advisors LLC now owns 5,938 shares of the semiconductor manufacturer’s stock valued at $3,449,000 after purchasing an additional 66 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in Advanced Micro Devices during the second quarter worth about $822,000. Annex Advisory Services LLC boosted its stake in Advanced Micro Devices by 28.3% in the 2nd quarter. Annex Advisory Services LLC now owns 1,991 shares of the semiconductor manufacturer’s stock worth $1,157,000 after buying an additional 439 shares during the last quarter. Accel Wealth Management boosted its stake in Advanced Micro Devices by 1.4% in the 2nd quarter. Accel Wealth Management now owns 5,372 shares of the semiconductor manufacturer’s stock worth $3,121,000 after buying an additional 74 shares during the last quarter. Finally, Whitener Capital Management Inc. purchased a new stake in Advanced Micro Devices in the 2nd quarter valued at about $549,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

About Advanced Micro Devices

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.