AMD Stock Drops 11% Due to Intel's Downward Prospects
2026-11-02 22:14:43
According to CoinMeta, AMD's stock fell 11% after Intel's stock price plummeted by 29%, facing a revenue test of $13.1 billion. Analysts expect AMD to report third-quarter revenue of about $13.1 billion on November 3, a year-on-year increase of 42%. Despite the strong performance of its data center business, Intel's disappointing guidance triggered initial selling in the market, with investors expressing concerns about the sustainability of demand for artificial intelligence. AMD's data center division contributed $6.72 billion in the second quarter, accounting for over 58% of total revenue. Investors will be particularly focused on the fourth-quarter guidance and the demand for AMD's latest AI accelerators.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
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