Advanced Micro Devices (NASDAQ:AMD) Shares Down 10.9% – What’s Next?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price fell 10.9% during trading on Friday . The company traded as low as $463.95 and last traded at $466.38. 46,318,234 shares were traded during trading, an increase of 20% from the average session volume of 38,590,426 shares. The stock had previously closed at $523.20.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD continues to benefit from strong long-term AI demand expectations, with analysts still generally constructive and recent price targets ranging as high as $665 from Barclays, suggesting upside if execution stays strong.
• Positive Sentiment: The company’s latest quarterly results were solid, with revenue of $10.3 billion in Q1 2026, up 37.8% year over year, showing that growth remains robust despite the sector pullback.
• Neutral Sentiment: Some commentary highlights AMD’s expanding role in CPUs and GPUs for AI infrastructure, reinforcing the long-term investment case, but these stories are more thematic than immediate catalysts. Article Title
• Neutral Sentiment: AMD remains a heavily followed stock, with institutional ownership and analyst attention still high, but that does not offset the near-term sector-driven volatility.
• Negative Sentiment: Broadcom’s softer AI revenue guidance triggered a semiconductor-wide selloff, and AMD was caught in the downdraft as investors reassessed the pace of AI spending.
• Negative Sentiment: Recent market data showed AMD among the biggest drag on major equity ETFs, reflecting the stock’s weakness as traders rotate out of high-multiple chip names.
• Negative Sentiment: A Zacks Research downgrade from “strong-buy” to “hold” adds to the cautious tone and may reinforce concern that near-term upside is more limited after AMD’s sharp rally.
• Negative Sentiment: Insider selling remains notable, with no insider purchases reported in recent months, which can weigh on sentiment when the stock is already under pressure.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AMD shares. Zacks Research cut Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 25th. Melius Research set a $540.00 target price on shares of Advanced Micro Devices in a report on Monday, May 18th. KeyCorp raised their price target on shares of Advanced Micro Devices from $330.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company boosted their price target on shares of Advanced Micro Devices from $345.00 to $505.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $419.86.

Advanced Micro Devices Trading Down 10.9%

The company’s fifty day moving average is $353.43 and its two-hundred day moving average is $263.57. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The stock has a market cap of $760.48 billion, a price-to-earnings ratio of 152.91, a PEG ratio of 1.60 and a beta of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. During the same period in the prior year, the firm posted $0.96 EPS. The company’s quarterly revenue was up 37.8% compared to the same quarter last year. On average, research analysts predict that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 24,376 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $444.39, for a total value of $10,832,450.64. Following the transaction, the executive vice president owned 105,222 shares in the company, valued at approximately $46,759,604.58. This represents a 18.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the sale, the executive vice president directly owned 324,527 shares in the company, valued at $140,000,947.80. This trade represents a 5.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 339,532 shares of company stock valued at $119,504,341 over the last ninety days. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Joseph Group Capital Management purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at $25,000. Koesten Hirschmann & Crabtree INC. boosted its stake in Advanced Micro Devices by 61.0% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. Sarver Vrooman Wealth Advisors acquired a new position in Advanced Micro Devices in the fourth quarter valued at $27,000. Cornerstone Financial Management LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at $27,000. Finally, Basepoint Wealth LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth about $30,000. 71.34% of the stock is 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.