PomegraAMD Stock Falls 10.9% Ahead of Earnings in Tech Sell-Off
Why did AMD stock fall 10.9%?
AMD (AMD) stock fell 10.9% to $504.80 on Friday after Intel's weak forecast and AI-spending worries sparked a tech sell-off, days before AMD reports earnings on Tuesday.
Key numbers
| AMD one-day move (Oct 30) | -10.9%to $504.80 |
|---|---|
| Nasdaq one-day move (Oct 30) | -2.86%to 25,437.00 |
| Chip index one-day move (Oct 30) | -7.2%over 15% down in October |
| Super Micro Q1 sales (preliminary) | $18.5B-$19.5Bvs $14.5B-$15.5B forecast |
| AMD Q3 sales expected | $13.1BEPS est. $1.94 |
| Intel one-day move (Oct 30) | -28.6%weak Q4 forecast |
What happened
AMD (AMD) stock fell 10.9% to $504.80 on Friday after Intel's weak forecast and AI-spending worries sparked a tech sell-off, days before AMD reports earnings on Tuesday. Intel warned that PC sales will keep shrinking because of a memory-chip shortage. Super Micro has already said its July-to-September sales will be $18.5 billion to $19.5 billion, far above its earlier $14.5 billion to $15.5 billion forecast. Analysts expect AMD to report $13.1 billion in sales on Tuesday after the market closes.
Why it matters
AMD (AMD) and Super Micro (SMCI) are early tests of whether companies are still spending heavily on AI computers after last week's sell-off. Strong results could ease worries that the AI boom is slowing, while weak ones could deepen the drop. AMD shares are still up about 135% this year, so a lot of good news is already priced in. The results may also set the tone for other tech companies reporting this week.
Who this affects
- MarketmixedHigh impact
- Tech investors face swings while AI spending doubts linger.
- CompanymixedMedium impact
- AMD shareholders face high expectations after a 10.9% drop.
- CompetitorsmixedMedium impact
- Super Micro looks stronger on sales; Intel and Dell hurt.
- IndustrymixedMedium impact
- AI servers stay strong; PC makers hurt by memory shortage.
AMD vs Super Micro, Nvidia, Intel
How we got here
Super Micro says quarterly sales will be $18.5B-$19.5B, well above its forecast.
Nasdaq falls 2.86% as Intel and Amazon results deepen AI-spending worries; AMD drops 10.9%.
Week-ahead previews flag AMD and Super Micro as the key AI-hardware tests.
What to watch
- AMD and Super Micro report after the close; AMD is expected to post $13.1B in sales.2026-11-03
- Shopify and Pfizer report Tuesday morning; Qualcomm and Uber follow Wednesday.2026-11-04
- Moderna reports Friday, the same day as the October jobs report.2026-11-06
Educational content only. Not investment advice.
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