New York, Feb 12, 2026, 10:45 (EST) — Regular session
- AMD edged up roughly 0.2% after a new filing revealed CEO Lisa Su intends to sell as many as 125,000 shares.
- AMD’s Forrest Norrod signaled plans to unload 19,450 shares, according to a separate Form 144 filing.
- Looking ahead: Friday brings inflation data, with Nvidia set to report earnings Feb. 25, and AMD taking a conference slot March 3.
Advanced Micro Devices (AMD) ticked up 0.2% to $214.06 in Thursday morning trading after a regulatory filing disclosed that CEO Lisa Su intends to sell as many as 125,000 shares. The Form 144, which is required for certain executive trades under SEC Rule 144, put the value of the planned sale at roughly $26.7 million. According to the notice, the transaction would run through Morgan Stanley Smith Barney on a 10b5-1 plan set up back on Sept. 9. The filing also referenced a 125,000-share sale in December and a 40,000-share donation to Fidelity Charitable. Nvidia added about 0.9%, while Intel slipped 0.4%.
Form 144s don’t usually make waves. But when a stock turns into an AI hardware play and the previous earnings round has investors on edge, those filings start grabbing attention.
AMD wants a solid hold on the No. 2 spot for data-center AI accelerators and systems, sitting just behind Nvidia. That puts the stock in the spotlight—every fresh data point, even the most mundane, tends to pull in attention.
On Wednesday, a separate Form 144 revealed AMD officer Forrest E. Norrod is set to sell as many as 19,450 shares—worth roughly $4.2 million—via Morgan Stanley Smith Barney. The filing cited a 10b5-1 plan put in place on June 6, 2025, and also disclosed an identical-sized sale last November.
AMD closed Wednesday unchanged at $213.58, holding steady after a 1.1% decline the day before, price data showed. Shares moved between roughly $209 and $220 across those two sessions.
Form 144 just signals a possible sale—there’s no guarantee of an actual trade. 10b5-1 plans, on the other hand, can quietly execute sales over an extended period. Still, when insiders look to sell, extra shares entering the market can keep traders on edge, especially if the stock is still looking for its footing after a downturn.
The turbulence landed in early February. AMD dropped 13% on Feb. 4, rattled by a cautious sales forecast that rekindled worries over its lag behind Nvidia in AI. Stacy Rasgon at Bernstein called the results barely more than “inline”—if you set aside China—and pointed out that short-term AI figures “are not really inflecting.” Reuters
Wild moves lately underscore just how tough it is for AI hardware stocks to impress. “The expectations for large blowout quarters for AI-related hardware companies have skewed what the market is looking for,” said Bob O’Donnell, president of TECHnalysis Research. Reuters
Traders are eyeing weekly jobless claims and existing home sales data set for release later Thursday. Friday brings an inflation report that might shake up rate outlooks.
Nvidia’s results are due Feb. 25, and the Street wants clues on AI chip demand and how spending is shaping up in the broader space. As for AMD, it’s set to speak at the Morgan Stanley Technology, Media & Telecom conference March 3.
AMD’s immediate hurdles: inflation numbers land Friday, then Nvidia’s Feb. 25 report could either jolt or sap momentum across the AI chip space. Eyes turn next to the March 3 conference for any new commentary from the company.
