Summary (Updated Friday, Nov. 7, 2025) — Advanced Micro Devices (NASDAQ: AMD) fell for a second straight session on Friday as a broad tech sell‑off weighed on AI‑exposed names. By the last trade published on Reuters, AMD was down ~3.6% near $229, after traversing an intraday range of $224.7–$234.8; Thursday’s close was $237.70. The stock now sits well below last week’s highs but remains within a 52‑week band of $76.5–$267.1. 1
Key takeaways
- Stock action (Nov. 7): AMD traded lower intraday to about $229 (‑3.6%), with a session range of $224.7–$234.8 as tech shares broadly retreated. 1
- Macro driver: Friday’s weakness tracked a market‑wide pullback tied to valuation concerns in AI‑linked megacaps and a softer risk tone heading into the weekend. 2
- Fresh analyst chatter today:CICC upgraded AMD to Outperform with a $265 target, and Wedbush lifted out‑year EPS estimates while reiterating an Outperform and a $290 target. 3
- Fundamental backdrop (this week): AMD posted record Q3 revenue of $9.25B, non‑GAAP EPS $1.20, and guided Q4 revenue to ~$9.6B (±$300M), highlighting momentum in EPYC and Instinct MI350. 4
- Near‑term catalyst:Financial Analyst Day lands Tuesday, Nov. 11, with management set to outline multi‑year product roadmaps and strategy. 5
How AMD traded today (Nov. 7)
AMD extended Thursday’s decline as part of a broader tech drawdown. As of the latest Reuters tape, shares changed hands near $229 (‑3.6%) with today’s range at $224.7–$234.8; prior close was $237.70. Those prints leave AMD mid‑pack inside its 52‑week range of $76.5–$267.1 and reflect a cooling of the post‑October rally. 1
The move coincided with Wall Street’s indexes sliding again on worries that AI leaders may have run too far too fast, a theme that has pressured the Nasdaq this week. 2
Street notes published today
- CICC: Upgraded AMD to Outperform and set a $265 price target, citing an improving AI product cadence and favorable positioning ahead of next week’s event. 3
- Wedbush: Lifted FY‑26 EPS projections (e.g., Q3’26 to $1.54; Q4’26 to $1.68) and maintained Outperform with a $290 target, arguing data‑center and PC momentum can persist. 6
These updates follow a flurry of Nov. 5 price‑target hikes from UBS, Evercore ISI, Benchmark, Piper Sandler and others in the wake of AMD’s earnings. 3
Earnings snapshot (reported Nov. 4)
AMD delivered record Q3 2025 results: revenue $9.25B (+36% Y/Y), non‑GAAP gross margin 54%, non‑GAAP EPS $1.20. Segment highlights included Data Center revenue of $4.3B (+22% Y/Y) on EPYC and Instinct AI accelerators, and Client revenue hitting a record $2.8B (+46% Y/Y). Management guided Q4 revenue to about $9.6B (±$300M) and non‑GAAP GM ~54.5%. 4
Context from Reuters: The guide topped consensus and underscored AI chip demand, though shares wobbled as investors debated operating leverage and the durability of AI spend. 7
What could move the stock next week
- Financial Analyst Day — Tuesday, Nov. 11: AMD will present multi‑year CPU/GPU/AI roadmaps, long‑term targets, and strategy. Official IR has confirmed the date and webcast; press and industry watchers expect updates spanning Zen 6/Zen 7 CPUs and next‑gen Instinct accelerators beyond MI350. 5
- AI systems & partnerships: Last month’s OpenAI agreement (multi‑year, multi‑generation) — including an initial 1‑gigawatt MI450 deployment starting in 2H26 and an associated warrant package — remains a centerpiece in the AMD AI narrative heading into FAD. 8
Other headlines investors are tracking
- Legal:Adeia sued AMD for alleged patent infringement earlier this week (Nov. 3). While not a Friday driver, it’s a headline for legal‑risk watchlists. 9
- Security/firmware: AMD confirmed an RDSEED issue on some Zen 5 CPUs; AGESA firmware updates are being rolled out (desktop fixes slated through Nov. 25, server patches already started). No direct financial impact flagged, but it’s a reminder to monitor platform updates. 10
The setup in one chartless glance
- Today’s action: Lower on macro/valuation jitters; AMD traded $224.7–$234.8. 1
- This week’s anchor:Record Q3 and above‑consensus Q4 outlook; debate shifts to margins and AI systems scaling. 4
- Near‑term catalyst:Nov. 11 Financial Analyst Day — product roadmaps and LT model. 5
- Street tone today: New CICC upgrade; Wedbush tweaks estimates higher. 3
Bottom line for Nov. 7, 2025
Friday’s weakness looks market‑led, not AMD‑specific: investors are de‑risking high‑multiple AI names into the weekend. Beneath the tape, AMD’s week‑old beat‑and‑raise and last month’s OpenAI pact keep the AI systems narrative intact — but Tuesday’s Analyst Day must reinforce product cadence, systems strategy (EPYC + Instinct + networking), and margin trajectory to re‑energize the bull case. 2
Disclosure: This article is for informational purposes only and does not constitute investment advice. Always do your own research.
Sources
- Real‑time and intraday pricing/52‑week range: Reuters AMD quote page. 1
- Market context (tech pullback/valuation concerns): Reuters market coverage (Nov. 7). 2
- AMD Q3 results and Q4 outlook: AMD Investor Relations press release (Nov. 4); Reuters earnings wrap. 4
- Analyst moves today: CICC upgrade (Benzinga); Wedbush estimate updates (MarketBeat). 3
- FAD timing & expectations: AMD IR (Aug. 11 release); Tom’s Hardware preview. 5
- OpenAI partnership details (Oct.): AMD newsroom and Reuters Breakingviews context. 8
- Legal and security items: Reuters on Adeia lawsuit (Nov. 3); Tom’s Hardware on RDSEED/AGESA updates. 9
