AMD — Advanced Micro Devices, Inc. - Common Stock
Session close: $534.06. Regular-session share volume: 43,739,155. Change from previous close: -8.75%.
Key developments
AMD shares reversed sharply after a strong run, with the pullback tied to unwinding of the rotation into Nvidia rivals as the scandal around Nvidia's CEO exit deepened. Analysts cited AMD's increasingly formidable products, data center revenue growth and customer diversification away from Nvidia as reasons the competitive opportunity may be expanding, alongside reported EPYC adoption in Google Cloud infrastructure.
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Valuation is the counterweight: coverage noted AMD trades at a substantial premium to Nvidia on forward earnings and other multiples, meaning its accelerated CPU and GPU outlook must translate into sustained earnings growth. Leveraged single-stock funds amplified both the rally and the reversal.
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News sources
Company news AMD Bulls Make a Killing With 2X ETFs, But Friday’s 20% Rout Delivers a Reality Check · Company news AMD Stock Has Outrun Nvidia 5X Since 2024. But There’s a Valuation Catch · Company news AMD Sinks 10.5% as Chip Rally Unwinds, Nasdaq 100 Falls 1.7%: Stock Market Today · Company news AMD Benefits From Nvidia's Troubles, Smart Money Sells Nvidia; Cooler PPI; Bitcoin Below $70K · Company news What's Going On With AMD Stock Today?