Key takeaways
- Price action: AMD (NASDAQ: AMD) closed at $247.96, down ~4.22% on Thursday, Nov. 13, 2025, amid a broad tech-led market pullback. After-hours quotes hovered near $248 shortly after the bell. StockAnalysis
- Macro backdrop: Major U.S. indexes fell sharply (Nasdaq down more than 2%), weighing on AI and semiconductor names, including AMD. Investopedia
- Today’s AMD-specific headlines:
- AMD published a blog highlighting new MLPerf Training v5.1 results for its Instinct MI350 GPUs, underscoring progress in AI training performance. AMD
- Appaloosa Management (David Tepper) disclosed a new stake in AMD in 13F filings summarized today, signaling fresh institutional interest. Seeking Alpha
- AMD Ventures joined a strategic up-round in quantum software firm Classiq, showing continued ecosystem investing. GlobeNewswire
- Ongoing catalyst this week: Follow-through coverage from AMD’s Financial Analyst Day (Nov. 11)—including long-term AI/data-center targets and a $1T compute market outlook—remains central to the stock’s narrative even as broader-market selling hit today. Reuters
How AMD traded today—and why
AMD shares fell ~4.22% to $247.96 on Thursday, giving back a portion of the stock’s two-day pop tied to its analyst-day targets. In the first hour after the close, after-hours quotes were near $248, pointing to a largely steady post-close tape. The move came as tech stocks led a market-wide decline, with the Nasdaq shedding more than 2% and the Dow falling sharply, a risk-off shift that pressured high-beta AI beneficiaries across the board. Investopedia
The AMD news that mattered today (Nov. 13)
1) MI350 shows up in fresh MLPerf Training results
AMD’s engineering team published a blog detailing its first MLPerf Training v5.1 submission for Instinct MI350 GPUs, spotlighting performance and efficiency improvements and providing reproducibility guidance for practitioners. While vendor blog posts are marketing-forward, the entry underscores AMD’s continued push to validate MI3xx silicon in industry benchmarks that enterprise AI buyers follow closely. AMD
Context: MLCommons released the latest MLPerf v5.1 results this week, and vendors are jockeying for leadership in both training and inference workloads—key for hyperscale and sovereign AI buildouts. HPCwire
2) A new high-profile holder: Appaloosa
Seeking Alpha highlighted that David Tepper’s Appaloosa initiated a new AMD position (and exited Intel) among its top Q3 trades. While 13F data are backward-looking, such disclosures often reinforce institutional conviction narratives around AI-platform leaders like AMD. Seeking Alpha
3) Ecosystem investing: AMD Ventures backs Classiq
Classiq announced a strategic up-round with participation from AMD Ventures, Qualcomm Ventures, and IonQ, among others. The move signals AMD’s interest in future compute paradigms (quantum software) that could intersect with heterogeneous, AI-centric data centers over time. GlobeNewswire
What’s still driving the AMD story this week
Although today’s tape was risk-off, coverage continues to digest Tuesday’s Financial Analyst Day, where AMD mapped out an aggressive AI/data-center push:
- Data-center revenue ambition: AMD aims to scale to $100B annually over time, part of a broader $1 trillion compute market it expects by 2030. Management also outlined expectations for ~35% annual growth across the business and ~60% in data centers over the next 3–5 years, with a medium-term earnings goal approaching $20 per share. Reuters
- AI hardware roadmap & solutions: Coverage emphasized AMD’s coming MI400-class accelerators and the Helios rack-scale AI system slated for 2026—key competitive levers versus Nvidia—alongside raised gross-margin targets (55%–58%) and expectations for rapid GPU growth. MarketWatch
Those messages sparked a midweek surge; today’s decline looks macro-led, not a repudiation of the roadmap. Investopedia
Street reaction, guidance, and what to watch next
- Street targets & fair value: Coverage in the last 24–48 hours shows analysts lifting targets/fair values on the back of AMD’s long-term AI math (e.g., Morningstar raised its fair value to $270 and reiterated its narrow-moat view). Other shops have echoed constructive AI-led revisions. Morningstar
- Near-term guidance: As a reminder, AMD’s latest outlook calls for Q4 2025 revenue near $9.6B (±$300M), ~25% y/y growth at the midpoint—now set against an AI build cycle that management says is accelerating. Nasdaq
Into year-end, investors are watching:
- Customer ramps for MI3xx accelerators and any incremental color on 2026 MI4xx timing. Reuters
- Supply-chain cadence for HBM, substrates, advanced packaging, and any signs of constraints or relief. MarketWatch
- Competitive updates around Nvidia’s next-gen platforms and hyperscaler capex signals that could swing AI GPU allocation across vendors. Barron’s
- Follow-through on ecosystem efforts—from software (ROCm, reproducible MLPerf work) to venture investments (e.g., Classiq)—that broaden AMD’s AI surface area. AMD
Bottom line for Nov. 13, 2025
AMD finished lower by about 4% in a tough tape for tech, but today’s news flow—from MI350 benchmark disclosures to fresh institutional interest and ecosystem investments—keeps the spotlight on the company’s AI-first data-center strategy. The Analyst Day playbook remains the near-term narrative anchor; short-term volatility aside, the story now hinges on execution against ambitious AI revenue and margin targets. Reuters
