New York, June 7, 2026, 15:04 EDT
- AMD finished Friday at $466.38, falling 10.86%. Shares dropped again after hours.
- The Nasdaq Composite dropped 4.2% on Friday and slid 4.7% for the week with tech stocks under pressure.
- Chip investors look to Monday as a test for the group, deciding between picking up bargains or bracing for a further pullback in artificial intelligence stocks.
AMD shares start Monday on the back foot, dropping 10.86% Friday to close at $466.38. Stock slid further to $458.66 after hours. The name ended the week off about 9.6%, even after trading up to $542.52 on Wednesday.
Market timing is in focus here since U.S. stocks don’t trade on Sunday. The Nasdaq’s normal hours are Monday to Friday, 9:30 a.m. to 4:00 p.m. Eastern. That means any fallout from Friday has to wait until the next regular session for investors to react.
Chip stocks tumbled Friday, wiping out roughly $1.3 trillion in market value from U.S.-listed names after Broadcom’s guidance for AI chips came in short of hopes. The PHLX Semiconductor Index dropped 10.3%, its biggest drop since March 2020. Nvidia gave up about 6%, Micron fell 13%, and AMD dropped nearly 11%. It wasn’t just AMD getting hit.
The Nasdaq Composite slid 4.2% to close at 25,709.43 on Friday, finishing the week down 4.7%. The S&P 500 shed 2.6% on Friday after a strong May jobs report sent bond yields up and stirred worries the Fed could hold rates higher for longer.
Dennis Dick, a prop trader at Triple D Trading, told Reuters, “You’ve had a lot of people here that were just blindly buying the dip.” At Wells Fargo, chief equity strategist Ohsung Kwon said the semiconductor sector is “way overbought.” Still, Kwon said, “I don’t think it’s the end of the bull market.” Reuters
AMD hasn’t changed its story on paper. Last month, the company posted a 38% jump in first-quarter revenue to $10.3 billion, with data-center sales up 57% thanks to demand for EPYC processors and Instinct GPUs. The chips are used for AI work like model training and inference. CEO Lisa Su called data centers “the primary driver” for AMD’s top and bottom line. AMD
So Friday’s slide hurt. AMD is priced less like a traditional PC chip firm and more as a possible second winner in AI hardware, with Nvidia still setting the pace and Broadcom’s custom chip numbers now serving as a risk read-through.
AMD’s corporate calendar is light this week. According to its investor-relations site, “Advancing AI 2026” is set for July 22-23 in San Francisco, leaving sector flows, rates and last Friday’s selloff in focus for traders. They’ll be watching to see if more leveraged positions get unwound. Advanced Micro Devices, Inc.
The trade is still in play. If the bond market settles down, if new orders come in or buyers step back into Nvidia and other chip names, AMD could bounce. But if yields climb again or there are more hints of cloud firms pulling back on AI spending, Friday’s drop may not just be a blip. It could signal a broader reset in pricing.
AMD is set up as a Monday open trade. Bulls got the earnings they wanted, but after Friday’s sharp drop, investors are left wondering how much growth buyers already baked into the stock.
