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Summary
AMD rose 5.86% to $585.30 on November 12, 2026, while the Nasdaq Composite fell 0.39%.
Financial media tied the gain to Jensen Huang's resignation as Nvidia CEO, which Nvidia announced the same day.
Volume ran 101.05% above average, and the stock closed 11.12% below its 52-week high.
Gotrade News - In the latest AMD stock news, Advanced Micro Devices (AMD) shares rose 5.86% to close at $585.30 in the US session on Thursday, November 12, 2026, while the Nasdaq Composite slipped 0.39%. AMD stock gained as investors weighed the sudden resignation of Nvidia CEO Jensen Huang, news that financial media said drew money toward Nvidia's chip rivals.
AMD Trading Data
Data
Value
Closing price
$585.30
Change
+$32.40 (+5.86%)
Previous close
$552.90
Open
$569.28
Day range
$554.90 to $594.00
Volume
55.4 million shares
30-day average volume
27.6 million shares
52-week range
$188.22 to $658.52
Market cap
$959.9 billion
Regular-session close on Thursday, November 12, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since November 13, 2025. Indices: Yahoo Finance daily closes for the same date.
AMD opened at $569.28, above the prior close of $552.90, dipped to a session low of $554.90 and then climbed as high as $594.00. It settled at $585.30, $30.40 above the day's low and near the top of its range. Volume reached 55.4 million shares, 101.05% above the 27.6 million share average.
The gain came against a softer market. The Nasdaq Composite fell 0.39% to 25,366.09, the S&P 500 lost 0.35% to 7,592.40 and the Dow Jones Industrial Average slipped 0.36% to 52,297.09, which put AMD 6.25 percentage points ahead of the Nasdaq.
Chip peers split. Broadcom (AVGO) rose 5.54% to $364.36, while Nvidia (NVDA) fell 4.34% to $166.19 and Intel (INTC) lost 2.08% to $61.20. TSMC fell 1.90% and Micron 1.59%. After the session, AMD stood 11.12% below its 52-week high of $658.52 and 210.97% above its 52-week low of $188.22.
Why AMD Stock Rose
According to Nvidia's press release dated November 12, 2026, Jensen Huang resigned as president, chief executive officer and board member, effective immediately. CFO Colette Kress agreed to serve as interim CEO while keeping her finance role, and the board appointed Harvey C. Jones as its first chair.
Financial media tied AMD's gain to that announcement. As reported by Yahoo Finance, AMD and Broadcom rose on Thursday morning as Nvidia rivals, extending moves from Wednesday, while CoreWeave, TSMC and Intel fell. The outlet said the resignation came amid reports of an affair with a fellow Nvidia executive. Per The Motley Fool, investors rotated into semiconductor peers after the turmoil in Nvidia's leadership.
The Motley Fool also pointed to analyst support. Bank of America revised its view on AMD, citing rising chip demand, and William Blair revised its view on the argument that Nvidia's problems could let AMD gain market share.
AMD Stock Analysis: Supporting Factors and Risks
Supporting Factors
Data center growth: per The Motley Fool, AMD's data center revenue grew 97% year over year, and CEO Lisa Su said the company "expects server revenue to double in 2027."
Customer reach: Simply Wall St pointed to new EPYC server chip design wins at Google Cloud, Meta, Microsoft Azure and Oracle, along with the launch of the 6th Gen EPYC line.
Risks
Nvidia continuity: Nvidia's board said it expects "the company's operations, customer commitments and product roadmap to continue without interruption," so a shift in market share toward AMD is not assured.
Next catalyst: Nvidia's earnings report is due next week, per The Motley Fool, and the chip trade that lifted AMD on Thursday could react to it.
Margins: Simply Wall St noted that AMD's data center mix, including Helios racks and Instinct accelerators, still needs to lift margins.
Uneven AI trade: the move was not group-wide, with Nvidia, Intel, TSMC and Micron all closing lower in the same session.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
