Key takeaways
- AMD stock fell 10.88% on October 30 to close at $504.80, per Yahoo Finance and StockAnalysis.
- Reuters ties the sell-off to weak Intel and Amazon results and AI spending worries; the semiconductor index fell 7.2%.
- AMD reports third-quarter results on November 3 after the close, per its own announcement.
AMD stock fell 10.88% on Friday, October 30, closing at $504.80, down $61.62 from the day before, according to Yahoo Finance. AMD did not announce anything that day. The drop was part of a chip sell-off that Reuters tied to weak results from Intel and Amazon and to worries about heavy AI spending.
AMD is worth about $925 billion, so a move of this size is large. It also comes four days before the company reports its own quarter.
Why AMD stock fell
Reuters reports that results from Intel and Amazon, both released late Thursday, intensified concerns about AI-related spending. The Nasdaq Composite fell 2.86%, its sharpest one-day drop since June 5, and the S&P 500 fell 1.82%. Reuters says the broader semiconductor index dropped 7.2%. Nvidia fell 4.2% and AMD slid 10.9%, per the same report.
Intel was the center of it. Its shares fell 28.6%. TechCrunch reports that Intel guided fourth-quarter revenue to $15 billion to $16 billion, against about $17 billion that analysts expected. CEO Lip-Bu Tan said customers "began signaling a PC slowdown based on the memory prices and availability," according to TechCrunch. We covered the details in why Intel stock fell 28.6% on October 30.
Neither Reuters nor TechCrunch says why AMD fell further than Nvidia. AMD has made no statement about the drop that we could find, and we found no AMD filing or announcement on October 30 that explains it.
AMD's price on October 30
| Item | Figure |
|---|---|
| Close, October 30 (4:00 p.m. EDT) | $504.80 |
| Change on the day | down $61.62, or 10.88% |
| After hours (7:59 p.m. EDT) | $508.22, up 0.68% |
The close is the same on StockAnalysis, which shows $504.80 and a 10.88% drop. Over the last five sessions the stock is down 5.0%, per Yahoo Finance data in our market scan.
What comes next
AMD reports fiscal third-quarter results on Tuesday, November 3, after the market close, with a call at 5 p.m. ET, according to AMD's announcement. In its August 4 release, AMD guided third-quarter revenue to about $13 billion, plus or minus $300 million. Our AMD earnings date article has the details.
Sources
- Tech stocks tumble as Amazon, Intel fuel AI spending fearsReuters via Honolulu Star-Advertiser
- AMD quoteYahoo Finance
- AMD stock priceStockAnalysis
- AMD to report fiscal third quarter 2026 financial resultsAMD
- Intel's stock crashes, knocking $12B from government's stakeTechCrunch