This roundup focuses on developments on Wednesday, November 5, 2025.
At a glance (real‑time): As of 19:53 UTC, AMD (NASDAQ: AMD) traded around $258.20, up roughly 3.3% from Tuesday’s close, after swinging between an intraday low of $235.51 and high of $259.53. Earlier in premarket, the stock dipped on broader tech jitters before reversing higher. [1]
Why AMD is moving today
- Earnings momentum, mixed knee‑jerk reaction. Late Tuesday, AMD reported record Q3 revenue of $9.246B (+36% Y/Y) and non‑GAAP EPS of $1.20, while guiding Q4 revenue to ~$9.6B (±$300M) and non‑GAAP gross margin ~54.5%. Shares initially wobbled on valuation worries but stabilized Wednesday as investors digested the beat‑and‑raise. [2]
- Fresh analyst catalyst.UBS raised its AMD price target to $300 and reiterated a Buy, citing stronger visibility in data‑center demand and upcoming catalysts. [3]
- Policy overhang from China.Beijing moved to bar foreign AI chips in state‑funded data centers, a headline that could affect U.S. GPU suppliers including AMD; markets weighed the long‑term exposure even as AMD’s base case does not include MI308 China revenue. [4]
- Macro tone improving intraday. After a tech rout Tuesday, U.S. stocks rebounded into Wednesday afternoon; AMD was among notable gainers as sentiment steadied. [5]
Earnings recap: what AMD just told the market
AMD’s official release highlighted broad‑based strength across compute and AI:
- Revenue:$9.246B (+36% Y/Y; +20% Q/Q)
- Non‑GAAP EPS:$1.20
- Segment color:Data Center revenue $4.3B (+22% Y/Y) led by 5th‑Gen EPYC CPUs and Instinct MI350 series; Client + Gaming revenue $4.0B (Client +46% Y/Y; Gaming +181% Y/Y).
- China note:No Q3 revenue from MI308 shipments to China; Q4 outlook also excludes MI308 China shipments.
- Q4 guide: Revenue ~$9.6B (midpoint), non‑GAAP GM ~54.5%. [6]
A complementary late‑evening summary emphasized the above‑consensus guide and sustained AI demand, even as investors debate how much is already priced in. [7]
Street reaction: targets and talking points
- UBS to $300 (Buy): The firm sees a clearer runway in data‑center and identifies potential near‑term catalysts into year‑end. Multiple outlets flagged the target hike early Wednesday. [8]
- Premarket wobble, then recovery: Financial media tracked an early ~4% premarket drop for AMD alongside broader AI‑stock profit taking—followed by an intraday rebound. [9]
- Broader tech narrative: Wednesday coverage framed AMD’s post‑print trade inside a larger debate about AI‑spending valuations and a “show‑me” phase after a torrid multi‑month rally. [10]
The China headline: what it might mean
Reuters reported new Chinese guidance requiring domestically made AI chips in state‑funded data centers (with nuanced rules depending on project status). For AMD, China has been a constrained market for advanced AI accelerators; the company’s own outlook doesn’t count on MI308 shipments to China, which could cushion near‑term model risk even as the policy shifts the long‑run demand mix. [11]
Market context on Nov. 5
- Indices: After opening nerves, major U.S. benchmarks rebounded Wednesday, helping AMD and other recent decliners stabilize. [12]
- Morning tape: Pre‑open rundowns noted AMD’s after‑hours dip and the broader AI‑trade reassessment following Tuesday’s selloff. [13]
Key numbers for traders today
- Live price: $258.20 (+3.3%) at 19:53 UTC
- Intraday range: $235.51 – $259.53
- Prior close: $250.05
These update in real time via the chart above.
What to watch next
- Forward commentary & catalysts. Street research on Wednesday flagged potential late‑year catalysts—including incremental hyperscaler updates—that could shape AMD’s AI‑hardware narrative into 2026. [14]
- Macro & policy. Any follow‑ups or clarifications to China’s AI‑chip guidance will remain in focus for U.S. GPU vendors. [15]
Editor’s note: This article summarizes Nov. 5, 2025 developments and reputable same‑day coverage. It is not investment advice.
References
1. www.investing.com, 2. ir.amd.com, 3. www.tipranks.com, 4. www.reuters.com, 5. www.investopedia.com, 6. ir.amd.com, 7. www.reuters.com, 8. www.tipranks.com, 9. www.investing.com, 10. www.wsj.com, 11. www.reuters.com, 12. www.investopedia.com, 13. www.investopedia.com, 14. www.investing.com, 15. www.reuters.com
