
Advanced Micro Devices stock (NASDAQ: AMD) is up roughly 126% in 2026, but the chipmaker is discovering that spectacular AI growth no longer guarantees an enthusiastic response from investors. The stock closed Tuesday at $484.39, down 4.27%.
Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets. AMD's main products include microprocessors, motherboard chipsets, embedded processors and graphics processors for servers, workstations, personal computers and embedded system applications.
| Revenue (TTM) | $41.31B |
| Gross Profit (TTM) | $23.02B |
| EBITDA | $9.56B |
| Operating Margin | 17.20% |
| Return on Equity | 10.20% |
| Return on Assets | 5.13% |
| Revenue/Share (TTM) | $25.36 |
| Book Value | $41.19 |
| Price-to-Book | 12.49 |
| Price-to-Sales (TTM) | 20.00 |
| EV/Revenue | 20.12 |
| EV/EBITDA | 77.52 |
| Quarterly Earnings Growth (YoY) | 159.50% |
| Quarterly Revenue Growth (YoY) | 50.10% |
| Shares Outstanding | $1.63B |
| Float | $1.62B |
| % Insiders | 0.40% |
| % Institutions | 75.41% |
Volatility is currently contracting

Advanced Micro Devices stock (NASDAQ: AMD) is up roughly 126% in 2026, but the chipmaker is discovering that spectacular AI growth no longer guarantees an enthusiastic response from investors. The stock closed Tuesday at $484.39, down 4.27%.

AMD (AMD -4.27%) upgraded its already optimistic outlook.

Cerebras Systems NASDAQ: CBRS outlined a product roadmap centered on faster AI inference, expanded data-center capacity and new partnerships with OpenAI, Arista Networks and Advanced Micro Devices during a company event led by CEO and Co-Founder Andrew Feldman.

On August 14, 2026, Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) filed its first-ever 13F, pulling back the curtain on a $1.31 billion equity portfolio concentrated in just six positions.

Shares of AI hardware names are broadly lower at midday Tuesday, hours ahead of Cerebras' flagship SUPERNOVA product event, which begins at 3:30 PM Pacific Time (6:30 PM ET).

Intel and AMD shares suffered sharp declines on Tuesday as a broader market sell-off swept through technology stocks, with investors increasingly concerned about rising borrowing costs, persistent inflation and elevated oil prices. The Philadelphia Semiconductor Index fell more than 5%, reflecting the pressure across the chip sector.

Just as investors were busy digesting that massive $500 billion Wall Street deal and the risks they entail if there is an AI bubble, Nvidia (NASDAQ:NVDA | NVDA Price Prediction) went on to back an OpenAI data center project with a whopping $105 billion.

News from China continues to reveal the damage of export controls foisted on U.S. chipmakers by the Biden administration. The controls have in varying ways remained in place under the second Trump administration, only for them to be given more life by Senators Elizabeth Warren (D-MA), Jim Banks (R-IN), Chuck Shumer (D-NY), Tom Cotton (R-AR).

Investors analyzing what's driving semiconductor stocks should look at how two forces—trade policy and the demands of artificial intelligence—are reshaping institutional portfolios. Traditional cyclicality in the memory segment is giving way to something steadier and more structural.

Nvidia, AMD and Intel shares fell in US premarket trading Tuesday as a jump in long-term Treasury yields triggered a retreat from technology and semiconductor stocks. Nvidia slipped more than 2%, while AMD, Intel, and Marvell fell between 2.6% and 4.8%.
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