Yahoo · Nov 3, 2026
AMD Forecasts 66% Q4 Growth on AI Chip Demand: Rapid Earnings Reaction
AMD's AI business is growing fast enough to reshape the company, though the quarter's cash flow shows how much that growth costs up front.
AM
NASDAQ · AMD
Advanced Micro Devices, Inc.
Technology · Semiconductors
$466.84
Up+$17.06 (+3.65%)
Updated Nov 4, 2026, 1:42 AM
SID Score
6.4/10
Composite research score
Smart Money
43/100
Neutral
- Market cap
- 326.42B
- P/E ratio
- 75.28
- Dividend yield
- 0.00%
- 52-week range
- $188.22 – $658.52
- Volume
- 32.18M
- Avg. volume
- 35.64M
Price performance · AMD
AMD price history
1M range · 20 trading sessions · Daily adjusted prices
Prices through Nov 2, 2026
AMD closed at $466.84 after 20 trading sessions, down 28.11% for the selected period.
- Last close
- $466.84
- Period change
- -28.11%
- Period low
- $466.84
- Period high
- $649.42
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Nov 2, 2026 | $510.705 | $512.82 | $466.0717 | $466.84 | 32.18M |
| Oct 30, 2026 | $508.525 | $520.3956 | $492.21 | $504.80 | 39.7M |
| Oct 29, 2026 | $562.27 | $575.10 | $560.57 | $566.42 | 16.87M |
| Oct 28, 2026 | $573.08 | $579.18 | $560.52 | $578.44 | 18.85M |
| Oct 27, 2026 | $539.49 | $563.915 | $538.50 | $560.26 | 20.6M |
| Oct 26, 2026 | $522.785 | $533.50 | $514.012 | $531.28 | 16.8M |
| Oct 23, 2026 | $510.21 | $523.92 | $508.3571 | $516.79 | 15.18M |
| Oct 22, 2026 | $524.095 | $529.98 | $502.60 | $507.93 | 28.01M |
| Oct 21, 2026 | $545.925 | $556.79 | $537.30 | $552.72 | 18M |
| Oct 20, 2026 | $530.02 | $548.1069 | $524.60 | $534.74 | 15.19M |
| Oct 19, 2026 | $551.78 | $554.4095 | $535.67 | $538.05 | 20.2M |
| Oct 16, 2026 | $547.55 | $550.955 | $526.8324 | $528.75 | 22.58M |
| Oct 15, 2026 | $540.00 | $568.62 | $530.09 | $562.23 | 28.83M |
| Oct 14, 2026 | $589.57 | $591.88 | $567.00 | $570.82 | 22.32M |
| Oct 13, 2026 | $577.496 | $606.20 | $570.60 | $605.53 | 17.93M |
| Oct 12, 2026 | $599.93 | $601.77 | $586.54 | $594.24 | 15.38M |
| Oct 9, 2026 | $626.89 | $627.37 | $606.00 | $608.10 | 13.73M |
| Oct 8, 2026 | $639.36 | $643.85 | $613.3388 | $620.68 | 23.49M |
| Oct 7, 2026 | $634.77 | $648.48 | $633.16 | $645.86 | 18.56M |
| Oct 6, 2026 | $648.04 | $658.52 | $628.00 | $649.42 | 24.25M |
Latest AMD news
The latest Smart Investors Daily articles mentioning AMD.
Stock researchCompany · Overview
Company
Market Activity
Research & News
AMD research
Overview
Company profile and research snapshot.
Company profile
Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers (including artificial intelligence), industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. However, AMD is emerging as a prominent player in AI GPUs and related hardware. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox.
Visit company websiteAnalyst outlook
Consensus and target data currently published for this company.
- Consensus
- Buy
- Average target
- $295.24
- Implied upside
- —
- Analysts
- 35
| Date | Firm | Rating | Target |
|---|---|---|---|
| Nov 2, 2026 | Morgan Stanley | Equal-Weight | — |
| Oct 28, 2026 | Susquehanna | Positive | — |
| Oct 21, 2026 | Susquehanna | Positive | — |
| Oct 20, 2026 | Wedbush | Outperform | — |
| Oct 6, 2026 | Citigroup | Buy | — |
News briefing
Generated Nov 3, 2026, 9:02 PM
Why Is AMD Up Today? AI Momentum Builds Ahead of Critical Earnings Report
AMD stock gained 3.65% ($17.06) today as investors positioned ahead of the company's Q3 earnings report, with multiple analyst endorsements and a broader rebound in AI-related chip stocks fueling optimism. The timing coincides with heightened expectations for management commentary on AI data center demand and competitive positioning against rivals like Intel and Super Micro.
Bottom line: AMD's 3.65% gain reflects pre-earnings optimism backed by analyst support and AI sector momentum, but the stock faces a critical test with earnings 'into print'—elevated expectations mean execution must be flawless. Investors should focus on data center revenue guidance, gross margins, and management commentary on competitive positioning relative to NVIDIA and emerging rivals to assess whether the AI rally can sustain.
Yahoo · Nov 3, 2026
AMD data center revenue nearly doubles as Q4 outlook beats expectations
Advanced Micro Devices Inc (NASDAQ:AMD, XETRA:AMD) shares jump 7% as data centre revenue nearly doubles and Q4 outlook beats expectations Advanced Micro Devices Inc (NASDAQ:AMD, XETRA:AMD) (NASDAQ) shares climbed 7% after hours following third-quarter results that beat Wall Street...
Yahoo · Nov 3, 2026
AMD (NASDAQ:AMD) surprises with Q3 sales, stock soars
Computer processor maker AMD (NASDAQ:AMD) beat Wall Street’s revenue expectations in Q3 2026, with revenue up 44.7% year on year to $13.38 billion. In addition, next quarter’s revenue guidance of $17 billion at the midpoint exceeded analysts’ consensus estimates by a surprising 4.4%. Its non-GAAP profit of $2.09 per share was 7.7% above analysts’ consensus estimates.
Yahoo · Nov 3, 2026
AMD beats Q3 estimates with data center business booming
Patrick Moorhead, Moor Insights & Strategy Founder, CEO, and Chief Analyst, joins Yahoo Finance Breaking Business News Reporter Jake Conley to discuss AMD's (AMD) third quarter earnings beating estimates, with data center revenue nearly doubling to $8.55 billion.
AI research layers
Interpretive context generated from the platform’s current data sources.
Advanced Micro Devices Stock Performance
Advanced Micro Devices, Inc. shares closed at $466.84, gaining 1.05% in the most recent session, per SID market data. Despite the daily uptick, AMD has declined 18.02% over the trailing one-month period, reflecting significant near-term selling pressure. Over three months, the stock has posted a modest 4.16% gain, while the trailing twelve-month return stands at an impressive 135.5%, underscoring the broader AI-driven rally that has benefited the semiconductor sector. Technically, AMD trades well below its 50-day moving average of $548.29, a gap of approximately 14.8%, though it remains above its 200-day moving average of $407.42, according to Massive/Polygon data. The 14-day RSI reads 35.5, approaching oversold territory. AMD's beta of 1.949 indicates nearly twice the volatility of the broader market. Average daily volume stands at approximately 35.6 million shares, reflecting robust liquidity and sustained institutional participation.
Advanced Micro Devices Valuation Analysis
Advanced Micro Devices carries a market capitalization of approximately $326.4 billion, positioning it among the largest semiconductor companies globally, per SID market data. The stock trades at a price-to-earnings ratio of 75.28, reflecting a substantial premium relative to the broader Technology sector and indicating that investors are pricing in aggressive future earnings growth tied to AMD's data center and AI accelerator businesses. The PEG ratio stands at 2.44, according to SEC filings and consensus growth estimates, suggesting the current valuation exceeds the typical threshold of 1.0 that would signal earnings growth fully justifies the P/E multiple. AMD's price-to-book ratio of 5.18 reflects the market's premium on the company's intellectual property and competitive positioning. The company does not pay a dividend, directing capital instead toward research and development and strategic acquisitions aimed at expanding its AI and high-performance computing portfolio.
Smart Money Activity for AMD
AMD's composite smart money score stands at 43 out of 100 with a neutral signal, per SID market data, reflecting mixed positioning among institutional and insider stakeholders. Insider activity has been notably skewed toward selling, with 19 sells versus just 1 buy among 20 insider transactions recorded over the past 90 days, according to SEC Form 4 filings. The insider component scores a low 0.3 out of 25, indicating persistent distribution by corporate executives and directors. In contrast, institutional ownership scores a perfect 25 out of 25, per 13F institutional filings, demonstrating robust conviction from large asset managers and pension funds. The dark pool activity component registers at 6.2 out of 25, suggesting relatively modest off-exchange accumulation during the recent pullback. Congressional trading activity scores 11.2 out of 25, reflecting moderate interest from lawmakers with disclosed positions. The divergence between strong institutional holdings and heavy insider selling presents a nuanced picture of conviction levels among different categories of informed market participants.
Advanced Micro Devices Earnings Outlook
Advanced Micro Devices has delivered three consecutive quarters of earnings beats, according to company earnings reports. In the most recent reported quarter ending February 2026, AMD posted earnings per share of $1.53 against a consensus estimate of $1.24, a positive surprise of $0.29 or approximately 23.4%. The May 2026 quarter followed with $1.37 per share versus estimates of $1.25, a $0.12 beat, while the August 2026 quarter delivered $1.66 against a $1.55 estimate, a $0.11 upside surprise. The trajectory shows accelerating absolute earnings from $1.24 estimated to $1.66 actual across the three periods. Looking ahead, analyst estimates for the quarter reporting November 3, 2026, project earnings of $1.89 per share, representing a 13.9% sequential increase over the prior quarter's actual result. This upward earnings trajectory reflects expanding data center revenue and growing AI accelerator adoption driving AMD's financial performance.
Wall Street Analyst Ratings for AMD
Wall Street analysts maintain a broadly constructive stance on Advanced Micro Devices, with recent ratings uniformly reflecting bullish positioning, per Wall Street analyst reports. Susquehanna reiterated its Positive rating on October 28, 2026, following a prior reaffirmation on October 21, consistent with the firm's sustained conviction in AMD's competitive trajectory. Wedbush maintained its Outperform rating on October 20, signaling continued confidence in the company's growth drivers. Citigroup reiterated a Buy rating on October 6, while Mizuho simultaneously maintained its Outperform designation, according to SID consensus data. Notably, none of the five most recent analyst actions involved a downgrade or a shift to a neutral or negative stance, and all five represented reiterations of existing positive ratings rather than initiations. This unanimous bullish consensus persists despite the stock's 18.02% one-month decline, suggesting analysts view the recent pullback as a potential entry opportunity rather than a reflection of deteriorating fundamentals in AMD's core data center and AI businesses.
