By David Moadel
Publication Date: 2026-11-04 16:02:00
A record quarter at Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) isn’t enough to push AMD shares in either direction today. AMD stock is basically unchanged at $483.34 in morning trading. Meanwhile, shares of rival Intel (NASDAQ:INTC) are down…
A record quarter at Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) isn’t enough to push AMD shares in either direction today. AMD stock is basically unchanged at $483.34 in morning trading. Meanwhile, shares of rival Intel (NASDAQ:INTC) are down 5% to $57.26.
Shares of AI accelerator leader NVIDIA (NASDAQ:NVDA) are trading at $202.32, down 2%. Custom-chip designer Broadcom (NASDAQ:AVGO) is sliding as well; Broadcom stock is at $328.76, down 1%.
With the broader market higher, most AI chip stocks are lagging the rebound. The notable exception is AMD, which reported its results after the close on November 3.
AMD’s Data Center Sales Nearly Doubled in Q3
AMD reported Q3 2026 revenue of $13.38 billion, topping Bloomberg’s consensus estimate of $13.08 billion. On the bottom line, AMD’s adjusted earnings per share (EPS) of $2.09 came in ahead of Bloomberg’s $1.97 consensus estimate. The engine was AMD’s Data Center segment, where revenue reached $8.5 billion, up 97% year over year.
CEO…
