What happened to AMD stock in the past week
Short answer: a record quarter, analyst upgrades and Nvidia's CEO exit lined up in one week, after a 17% one-day drop.
Advanced Micro Devices (AMD) closed Thursday, November 12, 2026 at $585.30, up 5.86% on the day, on volume of about 55 million shares, more than double its three-month average of about 24 million. The close and the volume are from Nasdaq (Motley Fool) and Bigdata.com, which agree.
A week earlier the picture was the opposite. AMD closed at $488.78 on November 4, then at $404.40 on November 5, a one-day fall of about 17% (our arithmetic on Yahoo Finance daily closes; the Korean outlet Edaily reported about 16%). From the November 5 close to the November 12 close the stock gained about 44.7%, or about $181 a share (same source, single-source figure). It is still about 11% below its record intraday high of $658.52, set on October 6 (Yahoo Finance daily data and Bigdata.com agree).
Reason 1: the quarter was strong, and AMD said it gets faster
AMD reported third-quarter 2026 results on November 3. Revenue was $13.377 billion, up 45% from a year earlier, with Data Center segment sales up 97%. Non-GAAP earnings (profit before items such as stock pay and deal costs) were $2.09 a share, up 74%. The figures are in AMD's own results release, and the Data Center number is repeated by Nasdaq. Bigdata.com shows analysts had expected about $13.10 billion and $1.95 (single-source estimate). AMD calls it a record quarter. CEO Lisa Su said growth should accelerate in the fourth quarter as AMD scales its Helios rack systems and "Venice" server chips, and, per the Motley Fool, expects server revenue to double in 2027.
Reason 2: analysts moved up while Nvidia stumbled
- Upgrades and targets. TipRanks shows William Blair upgrading AMD to Outperform on November 12, Bank of America lifting its target to $700 from $650 the same day, and Oppenheimer upgrading to Buy with a $600 target earlier in the week.
- Nvidia's leadership shock. Nvidia CEO Jensen Huang resigned this week (Motley Fool; Livemint). On Thursday Nvidia fell 4.34% to $166.19 while AMD rose. The Motley Fool reports William Blair sees the turmoil as a chance for AMD to win share. That is a relative-position trade, not proof of share gains.
- Product and partner news. Yahoo Finance and the Motley Fool report that AMD's fifth-generation EPYC processors power Google Cloud's new TPU systems. PsiQuantum, the quantum-computing company, announced a collaboration with AMD on November 12 (PsiQuantum release; Analytics Insight).
The warning: a 45% bounce is not a trend yet
- The price is demanding. The Motley Fool puts AMD at 127 times trailing earnings and 72 times forward earnings. That is the price-to-earnings ratio (P/E): the share price divided by one year of profit per share. A high multiple leaves little room for a miss.
- Not every analyst agrees. TipRanks lists RBC at Hold with a $540 target and Morgan Stanley at Hold with $550. Both are below Thursday's close. Goldman Sachs cut its target to $675 from $700 on November 4 while keeping Buy.
- The media tone is cooling. Bigdata.com's sentiment read on AMD is slightly negative at -0.13 against a baseline of 0.01, even as coverage volume rises.
- Swings are big both ways. The same stock fell about 17% in a day last week. Nvidia's next earnings report, due next week per the Motley Fool (date not confirmed by a second source), can move every chip stock.
What the charts say
Our daily scan of Thursday's closes checked 1,177 liquid US stocks. 163 matched a rule, 59 of them a 20-day closing-high breakout. AMD is one of the 59: its $585.30 close is above the highest close of the prior 20 sessions, $578.44. Its 14-day RSI is 57.5. RSI is a 0 to 100 gauge of how hard a stock has been bought or sold; under 30 is oversold, over 70 overbought. Nvidia, at RSI 25.8, is on the oversold list. A scan lists charts that match a rule. It is not a list of stocks to buy.
| Level | Price | Source |
|---|---|---|
| Record intraday high (Oct. 6) | $658.52 | Yahoo Finance; Bigdata.com |
| Record close (Oct. 6) | $649.42 | Yahoo Finance daily closes (single source) |
| Prior 20-day closing high | $578.44 | Our scanner, Yahoo closes (single source) |
| 50-day average | about $550 to $553 | Bigdata.com ($550.43); our calculation ($552.99) |
| 20-day average | about $519 | Our calculation (single source) |
| 200-day average | about $420 | Bigdata.com (single source) |
Economies.com publishes daily technical analysis of US stocks. It had no AMD note in the past two days, and neither did FxNewsToday.ae, so the levels above are ours, not theirs. For the market behind AMD: on Thursday the S&P 500 fell 0.36% to 7,592 and the Nasdaq Composite fell 0.39% to 25,366 (Motley Fool, single source). AMD rose while the index fell, which fits the rotation-within-chips reading in the Motley Fool coverage.
What analysts say
| Source | Consensus | Ratings | Average 12-month target | High / low |
|---|---|---|---|---|
| TipRanks | Strong Buy | 32 analysts: 29 Buy, 3 Hold, 0 Sell | $652.18 | $800 / $540 |
| Bigdata.com | Buy | 53 Buy or Strong Buy, 19 Hold, 0 Sell | $651.89 | $1,250 / $465 |
The two services count different sets of analysts over different periods, but the average target agrees at about $652. That is about 11% above Thursday's close. A target is an analyst's estimate of where a stock could trade in 12 months. It is not a promise, and targets are cut quickly when a stock falls.
What to watch next
This piece covers closing prices through Thursday, November 12. Friday's session is not included.
- Friday's close against $578. Chart traders treat a hold above it as confirmation, not a guarantee.
- Nvidia's earnings report next week. It will test the idea that Nvidia's loss is AMD's gain.
- $649 and $658. The record close and record high are the next ceilings.
- February 2, 2027. AMD's fourth-quarter 2026 earnings call, per the Bigdata.com events calendar (single source; companies can change dates).
How traders outside the US reach AMD
To own the share you need a stockbroker that accepts residents of your country: brokers by country. Some traders use CFDs instead. A CFD (contract for difference) is a contract with the broker on the price of the share. You do not own the share, and leverage makes losses larger as well as gains (CFD vs owning shares). Our three partners, in the order we list them:
Partner · CFD, no ownership1,000+ US share CFDs, $10 minimum deposit, MetaTrader 4/5, cTrader and TradingView.
Open a Pepperstone account
Partner · CFD brokerCapital.com is a CFD broker: 3,000+ share CFDs, $10 minimum deposit.
Open a Capital.com account
Partner · CFD brokerXS is a CFD broker: 550+ us share cfds. Spreads from 0.1 pips on EUR/USD (Elite account, $6 round-turn commission, $500 minimum); the Standard account has no commission and no minimum deposit, from 1.1 pips.
Open an XS accountYour call
Is AMD's 45% bounce a new leg up, or a snap-back after a 17% drop? Reply "Up" or "Snap-back", then send this to the friend who sold AMD last week.
Sources
Prices and volume: Nasdaq (Motley Fool, "Stock Market Today, Nov. 12"), Bigdata.com company tearsheet (read November 13, 2026, 01:36 a.m. ET), Yahoo Finance daily closes. Results: AMD third-quarter 2026 results release, November 3, 2026 (ir.amd.com); Bigdata.com earnings data. Analyst data: TipRanks AMD forecast page (snapshot of November 12) and Bigdata.com. Sentiment and news: Bigdata.com sentiment tearsheet; Motley Fool; Livemint; Yahoo Finance; Edaily; PsiQuantum; Analytics Insight. Charts: investingtrading daily scanner, closes through November 12, 2026; Economies.com stocks analysis page and FxNewsToday.ae checked November 13, 2026.