AMD Advanced Micro Devices
$515.21+$6.63 (+1.30%)
NASDAQ · As of 4:00 PM ET 11/10/26
Advanced Micro Devices (AMD +1.30%), a data-center and PC chip designer, closed at $515.21, up 1.30%. Tuesday’s gains followed a premarket upgrade and fresh AI-chip deal chatter, and investors are watching data-center demand and AI spending next.
Trading volume reached 46.7 million shares, coming in about 102% above its three-month average of 23.2 million shares.
How the markets moved today
The S&P 500 (^GSPC -0.38%) closed at 7,521, down 0.38%, while the Nasdaq Composite (^IXIC -0.74%) ended at 25,066, down 0.74%. Among semiconductors, x86 CPUs, GPUs, AI accelerators, and data-center/server chip stocks, Nvidia (NVDA -5.47%) fell 5.47% to $168.89 and Intel (INTC -2.09%) dropped 2.09% to $58.13, while AMD outperformed both chip rivals.
What this means for investors
AMD stock rose today after artificial intelligence giant Anthropic disclosed in an amended IPO filing on Nov. 10 that AMD would be part of a group involved in a $26 billion private placement alongside some of the world’s biggest technology companies. AMD plans to invest $2.5 billion worth of non-voting Class N common stock in Anthropic, which counts toward an earlier commitment of up to $5 billion linked to chip deliveries.
AMD shares have been on a run this week after its chief rival, Nvidia, disclosed an investigation into its CEO, Jensen Huang, over his relationship with an alleged Chinese spy. Wall Street’s fears that Huang could be forced to step down caused investors to shift into AMD stock.
This added to analyst upgrades of the company’s shares, as its business continues to boom. AMD’s Nov. 3 earnings results showed record quarterly revenue of $13.4 billion and Q4 revenue guidance of about $17 billion, which kept AI-driven growth in focus.
I have long been an admirer of AMD’s CEO, Lisa Su, which is one of the factors behind my buying shares. The company’s performance demonstrates her skill at leading the semiconductor giant as it capitalizes on massive AI demand.
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Robert Izquierdo has positions in Advanced Micro Devices, Intel, and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Intel, and Nvidia. The Motley Fool has a disclosure policy.
