By David Moadel
Publication Date: 2026-11-05 15:46:00
AMD just posted the biggest, most profitable quarter in its history, yet its stock is getting punished harder than any rival. Election results have traders asking whether Washington can slow the AI buildout behind the chipmaker’s bold forecast.
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Political risk is outweighing strong earnings across the AI chip trade, and Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) is taking the hardest hit. AMD stock is at $424.36, down 13% in morning trading. The slide comes days after the chipmaker reported a quarter that CEO Lisa Su said “was the largest and most profitable in our history.”
NVIDIA (NASDAQ:NVDA) stock is at $186.81, down 7%. Chipmakers are extending their selloff on fears that a Democratic-controlled Congress and Democratic state officials could tighten AI rules and slow data center construction. Across the group, semiconductor stocks are also extending declines after quarterly results from other chipmakers.
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