New York, June 1, 2026, 07:04 (EDT)
- AMD traded at $496.50 premarket as of 6:59 a.m. EDT, dropping 3.8%. The stock ended Friday at $516.10. MarketScreener
- Nvidia is bringing its RTX Spark chip to PCs, adding AI to client machines and putting heat on AMD and Intel. Reuters
- AMD at Computex focused on longer support for its platforms and rolled out new Ryzen and Radeon chips. The company didn’t take on Nvidia’s PC chip play directly. AMD
AMD shares dropped premarket Monday as Nvidia made a move at Computex to get more serious about PC chips. AMD has battled Intel for a long time in that segment, betting AI might give it a new growth push.
AMD traded at $496.50 before the bell, off 3.8%, as of 6:59 a.m. EDT, MarketScreener showed. Shares finished at $516.10 on Friday. The stock is still up around 141% this year on the back of a sharp AI-driven rerating.
AI hardware isn’t just for data centers anymore. Nvidia’s RTX Spark is built for laptops and desktops so they can run AI agents—software that does tasks with less need for constant prompting—right on the device. Reuters said Nvidia developed the chip with Microsoft and MediaTek. Reuters
AMD shares fell while broader markets traded higher. Dow, S&P 500 and Nasdaq 100 futures pushed up in early moves, with the Nasdaq 100 e-minis rising 0.29% at 5:18 a.m. ET. Investors kept buying AI stocks even with Middle East risk in the background. Reuters
Nvidia CEO Jensen Huang said the RTX Spark is the result of a three-year push with Microsoft to “reinvent the PC” for AI. Neil Shah, Counterpoint Research co-founder, told Reuters the device may help shift the “traditional app-centric PC” toward an agentic AI model. Reuters
AMD said over the weekend it will keep supporting its AM5 desktop platform until 2029. The company also plans to release the Ryzen 7 7700X3D, priced at $329, on July 16. Its Radeon RX 9070 GRE graphics card will be sold worldwide starting June 2 for $549. “Flexibility to upgrade their systems over time” is what AMD wants to offer gamers, corporate VP David McAfee said. AMD
AMD is still focusing its consumer sales pitch on value, upgrades, and graphics performance. But Nvidia’s lead in GPUs, chips used for parallel processing and now key to AI, still poses a challenge. Nvidia’s grip on the software side with developers is stronger.
AMD is leaning on its data center unit. First-quarter revenue hit $10.3 billion, up 38% from last year, with data center sales up 57% at $5.8 billion. CEO Lisa Su said the company is seeing “accelerating demand for AI infrastructure.” AMD forecast second-quarter revenue around $11.2 billion, give or take $300 million. Advanced Micro Devices, Inc.
Analysts are giving AMD some credit here. “AMD was levered to insatiable AI compute demand,” Jake Behan, who runs capital markets at Direxion, told Reuters after earnings. Still, he said the real test will be if AMD can actually turn that demand into high-margin revenue. Reuters
There’s concern Monday’s drop might not be a blip. If Nvidia takes top AI-PC spots or Intel cuts CPU pricing, AMD could be pushed to defend market share, still depending on limited supply from TSMC in Taiwan. Daniel Newman, CEO of Futurum Group, told Reuters last month AMD may need more capacity soon. Reuters
The selloff might not last. Nvidia’s new PCs come out in the fall, so investors still have a window to gauge real demand, pricing, and supply. For AMD, what matters now is if growth in its server chips can keep making up for PC pressure, not so much the Computex showing.
Traders face a clear situation this morning. AMD’s AI push is still on track, but shares are down before the bell as Nvidia steps up. The regular session will test if investors see Nvidia’s move as a true hit to AMD’s share or just more noise in a busy AI trade.
