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Summary
AMD (AMD) stock closed at $504.80 on Friday, October 30, 2026, down 10.88%, as chip stocks fell.
Financial media tied the drop to Intel's fourth-quarter revenue forecast of $15.0 billion to $16.0 billion and its view that the PC slowdown continues at least through the first half of next year.
AMD reports its fiscal third-quarter 2026 results on Tuesday, November 3, after the market close.
Gotrade News - In the latest AMD stock news, shares of AMD (AMD) closed at $504.80 on Friday, October 30, 2026, down 10.88% in the US session. AMD stock fell alongside other chipmakers after Intel (INTC) forecast lower fourth-quarter revenue and a PC slowdown lasting into next year, a report financial media tied to the drop.
AMD Trading Data
Data
Value
Closing price
$504.80
Change
-$61.62 (-10.88%)
Previous close
$566.42
Open
$508.53
Day range
$492.21 to $520.40
Volume
39.7 million shares
30-day average volume
20.9 million shares
52-week range
$188.22 to $658.52
Market cap
$824.1 billion
Regular-session close on Friday, October 30, 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 October 31, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
The stock opened below Thursday's close, slid to a session low and finished $12.59 above that low. Trading was heavy, with volume running 90.00% above its average.
The drop was far steeper than the broader market. The Nasdaq Composite fell 2.86% to 25,437.00, the S&P 500 lost 1.82% to 7,580.07 and the Dow Jones Industrial Average slipped 1.09% to 51,770.31, leaving AMD's move 8.02 percentage points weaker than the Nasdaq's. The US 10-year Treasury yield ended the session at 4.93%, down 6.0 basis points.
Chip stocks led the losses. Intel shares fell 28.58%, while Nvidia (NVDA) dropped 4.22%, Broadcom (AVGO) lost 5.48%, Micron fell 5.30% and Marvell declined 10.05%. At the close, AMD stood 23.34% below its 52-week high and 168.20% above its 52-week low.
According to Intel's third-quarter release, published after the close on October 29, the company forecast fourth-quarter 2026 revenue of $15.0 billion to $16.0 billion and non-GAAP earnings of $0.25 per share, after third-quarter revenue of $16.5 billion. Revenue from its Client Computing and Physical AI Group fell 5% year over year to $8.1 billion.
In the same release, Intel chief financial officer David Zinsner said, "Looking ahead, we see the PC slowdown continuing at least through the first half of next year."
As reported by TipRanks, financial media tied AMD's Friday drop to Intel's warning of weak PC demand, which hit semiconductor stocks broadly. TipRanks noted that the PC market is important to both chipmakers.
AMD Stock Analysis: Supporting Factors and Risks
Supporting Factors
AMD's Data Center segment revenue rose 107% year over year to $6.7 billion in the second quarter of 2026, according to the company's second-quarter release.
In the same release, AMD guided third-quarter revenue of approximately $13 billion, plus or minus $300 million, with a non-GAAP gross margin of approximately 56%, compared with second-quarter revenue of $11.5 billion.
Risks
Intel expects the PC slowdown to continue at least through the first half of next year, and TipRanks described the PC market as important to both AMD and Intel.
AMD's Client business brought in $3.1 billion of second-quarter revenue, up 23% year over year, so a longer PC slowdown touches a segment that has been growing.
Intel's fourth-quarter revenue forecast of $15.0 billion to $16.0 billion sits below its third-quarter revenue of $16.5 billion, and the session's selling spread across chipmakers from Intel to Marvell.
The next confirmed event is AMD's fiscal third-quarter earnings report on Tuesday, November 3, 2026, after the market close, with a conference call at 5 p.m. ET, according to AMD's announcement.
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.
