Advanced Micro Devices (NASDAQ:AMD) Trading Down 1.5% – Here’s What Happened

Posted by Geri Gentry on Sep 23rd, 2026

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) shares traded down 1.5% during trading on Wednesday . The stock traded as low as $608.08 and last traded at $614.61. 16,208,494 shares were traded during trading, a decline of 51% from the average session volume of 33,389,184 shares. The stock had previously closed at $623.77.

Trending Headlines about Advanced Micro Devices

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

Positive Sentiment: AI and data-center demand remain the primary bullish catalyst. AMD’s data-center revenue reportedly increased 107% year over year, while enthusiasm around agentic AI is strengthening expectations for demand for EPYC CPUs, Instinct accelerators, networking and rack-scale systems. CEO Lisa Su indicated that the demand wave for CPUs may still be in its early stages. CPUs Are Hot Again: AMD’s Lisa Su Says the Real Demand Wave Hasn’t Even Started
Positive Sentiment: The $1 trillion milestone is reinforcing investor optimism. AMD’s market value crossed $1 trillion for the first time as investors responded to expanding AI infrastructure deployments, reported OpenAI and Oracle-related opportunities, and expectations that the company can continue gaining share from Nvidia. AMD Chips Away at NVIDIA’s AI Throne
Neutral Sentiment: Analyst views remain divided. Some strategists see further upside and have highlighted targets near $740 or even $750, while other analysts argue that AMD’s rapid rerating has already priced in substantial future growth. Comparisons with Arm and Nvidia underscore the opportunity in inference and agentic AI, but also the competitive risks.
Negative Sentiment: Profit-taking and macroeconomic conditions are weighing on the stock. After AMD’s roughly 187% year-to-date advance and its recent surge, some investors are locking in gains. Rising oil prices and Treasury yields also pressured technology shares broadly, while AMD’s very high earnings multiple increases its sensitivity to any disappointment in growth or execution. Why are Intel, AMD and Broadcom stocks down on Wednesday?

Analyst Upgrades and Downgrades

Several analysts recently commented on AMD shares. Wall Street Zen upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. CLSA reissued an “outperform” rating and set a $710.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, September 9th. Robert W. Baird set a $1,250.00 price objective on Advanced Micro Devices in a research note on Friday, July 24th. Bank of America raised their target price on Advanced Micro Devices from $550.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, TD Cowen reiterated a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $565.12.

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Advanced Micro Devices Stock Performance

The stock has a market cap of $1.00 trillion, a price-to-earnings ratio of 158.00, a P/E/G ratio of 6.38 and a beta of 2.48. The company’s fifty day simple moving average is $497.38 and its two-hundred day simple moving average is $422.43. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm’s revenue for the quarter was up 50.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. On average, analysts forecast that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,993 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the transaction, the senior vice president directly owned 26,623 shares in the company, valued at approximately $13,010,393.87. This trade represents a 10.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the transaction, the executive vice president directly owned 160,979 shares in the company, valued at $76,316,924.32. This represents a 8.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 213,838 shares of company stock worth $105,533,836 in the last three months. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors have recently modified their holdings of AMD. BlackRock Inc. raised its holdings in Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock valued at $87,311,650,000 after acquiring an additional 4,535,126 shares during the period. State Street Corp grew its position in shares of Advanced Micro Devices by 2.9% during the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock valued at $46,606,266,000 after purchasing an additional 2,149,563 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Advanced Micro Devices by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock worth $8,015,897,000 after purchasing an additional 287,525 shares during the period. Bank of America Corp DE purchased a new stake in shares of Advanced Micro Devices in the second quarter worth $7,022,226,000. Finally, Jennison Associates LLC boosted its stake in Advanced Micro Devices by 5.8% during the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock valued at $5,793,388,000 after buying an additional 545,575 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Company Profile

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Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive-processing products. Its portfolio includes central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), field-programmable gate arrays (FPGAs) and adaptive system-on-chip products.

AMD serves customers across data centers, cloud computing, personal computers, gaming consoles, embedded systems and industrial applications.