AMD — Advanced Micro Devices, Inc. - Common Stock
Session close: $404.40. Regular-session share volume: 59,435,634. Change from previous close: -17.26%.
Key developments
Advanced Micro Devices fell sharply with the broader chip sector as investors reacted to the Democratic midterm sweep and worries that data center expansion could slow. CEO Lisa Su told Yahoo Finance the market can be "short-sighted" on AI spending, saying she invests for three to five years and beyond and still sees AI demand as essential. AMD also announced, with IBM and Oak Ridge National Laboratory, a quantum error correction platform built on ORNL's Umbra system, which uses AMD Instinct GPUs and EPYC CPUs.
Company news AMD CEO Lisa Su Calls This Market Moment ‘Short-Sighted’ on AI Spending · Company news IBM, AMD, and Oak Ridge National Laboratory Launch Quantum Error Correction Platform
News sources
Company news AMD CEO Lisa Su Calls This Market Moment ‘Short-Sighted’ on AI Spending · Company news From Micron to AMD, AI Stocks Crater — And Citi Just Flagged an 'Exponential' New Threat to Data Centers · Company news IBM, AMD, and Oak Ridge National Laboratory Launch Quantum Error Correction Platform · Company news AMD Stocks Fall 12.68% Despite a $17 Billion Revenue Outlook · Market context — Mentions AMD in the article text. SanDisk Leads Memory Stocks Lower: A Look Inside the Rout · Market context — Mentions AMD in the article text. VIX Spikes 39% as AI Tech Rout Wipes Out $2.2 Trillion: Stock Market Today · Market context — Mentions AMD in the article text. Nvidia, Micron, 8 Other AI Stocks Just Broke Below a Key Technical Support · Market context — Mentions AMD in the article text. QUICK SPARK: 10 US Tech Stocks Wipe Out $1.7 Trillion on Thursday · Market context — Mentions AMD in the article text. Top 5 AI Stocks to Buy After Midterm Elections: This Strategist Calls the Sell-Off a Massive Opportunity