AMD shares fell 19.23% over the past month ahead of third-quarter results due November 3 after the close, though they are still up 130.73% year to date. The company has gigawatt-scale AI commitments: Anthropic plans up to 2 GW of MI450 GPUs in Helios, OpenAI has committed to 6 GW, and Meta has signed for up to 6 GW more. Second-quarter revenue reached $11.536B, up 50.11%, and Data Center revenue rose 107% to $6.718B, while AMD forecast third-quarter revenue of about $13B ±$300M. According to 24/7 Wall St., the $527.02 price target implies 4.4% upside from the $504.80 reference price and carries a hold rating at 90% confidence. Risks include a 31% drop in gaming revenue, export controls, reliance on Taiwan Semiconductor Manufacturing (NYSE:TSM) and tight server CPU supply.
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AMDearningsartificial intelligencesemiconductors
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NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/02/2026 | 202.06 |
| Change that session | -1.26% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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