AMD stock traded at $499.67 at 1:41 p.m. ET on October 30, 2026, down 11.78% from the previous close, as semiconductor shares fell following Intel’s weaker-than-expected outlook. AMD is scheduled to report its own third-quarter results on November 3.

Key Takeaways

  • AMD shares fell $66.75 from their October 29 close and traded as low as $498.05.
  • Intel forecast fourth-quarter revenue below analyst expectations and warned that the PC slowdown could continue into 2027.
  • AMD previously forecast third-quarter revenue of approximately $13 billion, plus or minus $300 million.

AMD stock falls during trading

Advanced Micro Devices shares opened at $508.53 on October 30 after closing at $566.42 the previous day. The $499.67 quote was an intraday observation, not a closing price.

Other chip shares also declined. At approximately 1:58 p.m. ET, Intel was down 30.75%, Nvidia had fallen 5.13% and Broadcom was lower by 6.45%. The declines followed Intel’s outlook, although their timing alone does not establish what caused investors to sell.

Intel outlook adds to PC demand concerns

In Intel’s third-quarter results and outlook, the company forecast fourth-quarter revenue of $15 billion to $16 billion and adjusted earnings of $0.25 per share. Analysts had expected approximately $17.1 billion in revenue and $0.43 in adjusted earnings per share.

Intel Chief Financial Officer David Zinsner said the PC slowdown could continue at least through the first half of 2027. CEO Lip-Bu Tan also said Intel needed to unlock additional supply to meet demand for its Xeon server processors, a challenge specific to Intel.

Gartner’s preliminary estimates showed worldwide PC shipments fell 22.4% year over year to 55.4 million units in the third quarter of 2026. Gartner partly attributed the decline to higher memory and storage costs.

AMD results due November 3

AMD’s second-quarter data center revenue was $6.7 billion, up 107% year over year, while client revenue rose 23% to $3.1 billion. The figures illustrate the company’s exposure to both server and PC markets, whose demand conditions can differ.

AMD previously projected third-quarter revenue of approximately $13 billion, plus or minus $300 million, and a non-GAAP gross margin of approximately 56%. Those figures are guidance, not completed results.

Next milestone

AMD is scheduled to report results after the US market closes on November 3, with a conference call at 5 p.m. ET.

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