By David Moadel
Publication Date: 2026-11-02 17:49:00
Intel’s PC warning sent AMD stock tumbling 11% in a single session, but the real question is whether that warning stops at the PC market or follows AMD straight into its AI data center ambitions ahead of earnings.
Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) goes into its Q3 2026 earnings report with the chip group divided over how far a PC warning from Intel (NASDAQ:INTC) could spread. AMD stock is at $489.03 in afternoon trading, down 3%. The company is scheduled to report results on November 3 after the market closes. That report could show whether the warning reaches its larger businesses.
The fall adds to a steep drop on October 30. AMD stock fell 11% that day, after Intel said its PC slowdown would last at least through the first half of 2027. Shares of Intel plunged 29% in the same session. Intel stock is down 5%, so that selloff is still running.
How Intel’s PC Warning Dragged AMD Stock Lower
Intel set its Q4 2026 revenue guidance at $15 billion to $16 billion on October 29, below the roughly $17 billion GuruFocus consensus. Guidance for Intel’s adjusted gross margin came in at 38%, down from 44.1% in Q3.
On the earnings call, Intel CEO Lip-Bu Tan said, “In recent weeks, our customers began signaling a PC slowdown based on the memory…
