Advanced Micro Devices (AMD) stock is sliding today, dropping through its 50-day moving average on a Monday, as a sector-wide selloff weighs on the chipmaker.
The decline comes as talk of an artificial intelligence bubble bursting grows louder.
Talk of the artificial intelligence bubble bursting is growing louder.
Trading analysts have noted a technical setup for AMD, suggesting an entry at $435.74, a stop loss at $461.26, and a take profit at $399.85 on a 6-hour timeframe, though such setups are not verified.
AMD recently announced a deal with Anthropic. The company's second-quarter earnings are scheduled for release on August 4.
Updates
The semiconductor sell-off, which saw AMD shares drop over 8%, was triggered by reports that Shanghai Aishengna has produced a domestic immersion DUV lithography system, marking the first viable substitute for ASML technology. While these new machines cannot manufacture AMD's advanced MI300 or MI400 series accelerators, the development has impacted market sentiment. Additionally, new Q1 2026 financial data reveals AMD reported $10.25 billion in revenue and $1.37 earnings per share, both exceeding consensus forecasts. Analysts now project AMD's Q2 revenue to reach $11.2 billion, with options pricing indicating a potential 12% volatility following the upcoming August 4 earnings report.
AMD shares plummeted over 8% as a broader semiconductor sell-off was triggered by Shanghai Aishengna's announcement of domestic DUV lithography systems. Despite this decline, AMD's Q1 2026 performance showed strong results with $10.25 billion in revenue and $1.37 earnings per share, both exceeding previous forecasts. Market participants are now bracing for the upcoming August 4 earnings report, with options pricing indicating a potential 12% volatility while analysts project $11.2 billion in revenue for the second quarter.
The semiconductor sell-off was triggered by Shanghai Aishengna's report of producing homegrown immersion DUV lithography systems, marking a potential domestic substitute for ASML's technology. Following this announcement, ASML shares dropped 8% and AMD fell over 8%, marking its steepest decline among peers. Despite these losses, AMD's Q1 2026 financial results surpassed expectations, with earnings per share at $1.37 versus the $1.29 estimate and total revenue reaching $10.25 billion against a $9.89 billion forecast.
The semiconductor sell-off was triggered by Shanghai Aishengna's report on producing homegrown immersion DUV lithography systems, which serves as a domestic substitute for ASML's technology. Following this announcement, ASML shares dropped 8% and AMD saw a steeper decline than its peers, falling over 8%. Despite this, AMD's Q1 2026 results exceeded expectations with $10.25 billion in total revenue and $1.37 earnings per share, supported by a 57% year-over-year growth in data-center revenue.
The semiconductor sell-off was triggered by Shanghai Aishengna's announcement of producing homegrown immersion DUV lithography systems, marking a potential domestic substitute for ASML's technology. Following this breakthrough, ASML shares dropped 8%, while AMD experienced a steeper decline of over 8% compared to its peers. However, the new DUV equipment is currently unable to produce AMD's advanced accelerators, such as the MI300, MI400, and MI455X series.
The semiconductor selloff was triggered by Shanghai Aishengna's report of producing homegrown immersion DUV lithography systems, which serves as a domestic substitute for ASML's technology. Following this announcement, ASML shares fell 8%, while AMD experienced a steeper decline of over 8% compared to its peers. However, the new DUV equipment is reportedly unable to produce AMD's advanced accelerators like the MI300, MI400, or MI455X.
The semiconductor sell-off was triggered by Shanghai Aishengna's report of producing homegrown immersion DUV lithography systems, a move seen as a domestic substitute for ASML's technology. Following this announcement, ASML shares dropped 8% while AMD fell over 8%, marking the steepest decline among its peers. However, it is noted that the new DUV equipment cannot produce AMD's advanced accelerators like the MI300 or MI400 series.
The semiconductor sell-off was triggered by Shanghai Aishengna's report of producing homegrown immersion DUV lithography systems, marking a potential domestic substitute for ASML's technology. Following this announcement, ASML shares fell 8% and AMD experienced a decline of over 8%, the steepest among its peers. However, the new DUV equipment is reportedly unable to produce AMD's advanced accelerators, such as the MI300, MI400, and MI455X series.
The semiconductor sell-off was triggered by Shanghai Aishengna's report of producing homegrown immersion DUV lithography systems, marking a potential domestic substitute for ASML's technology. Following this breakthrough, ASML shares dropped 8%, while AMD fell over 8%, marking the steepest decline among its peers. However, Shanghai Aishengna's equipment remains unable to produce AMD's advanced accelerators, and its 2026 production goal of five DUV units significantly trails ASML's 130 units.
The semiconductor sell-off was triggered by Shanghai Aishengna's report of producing homegrown immersion DUV lithography systems, marking China's first viable domestic alternative to ASML's technology. Consequently, ASML shares dropped 8% while AMD plummeted over 8%, marking its steepest decline among peers. Despite this, AMD's Q1 2026 results exceeded expectations with $10.25 billion in revenue and $1.37 earnings per share, supported by a 57% year-over-year growth in data-center revenue.
AMD shares plummeted over 8%, marking the steepest decline among its peers as a semiconductor sell-off was triggered by Shanghai Aishengna's reported breakthrough in domestic immersion DUV lithography systems. This development, seen as a potential substitute for ASML's technology, caused ASML shares to drop 8%. Additionally, AMD's stock has now fallen nearly 19% from its June highs amid the broader pullback in AI-related trades.
AMD shares fell over 8% following a semiconductor sell-off triggered by Shanghai Aishengna's reported production of domestic immersion DUV lithography systems, which are considered a first viable substitute for ASML's technology. While the new equipment cannot produce AMD's advanced MI300, MI400, or MI455X accelerators, the announcement led to an 8% decline in ASML shares. AMD's stock decline follows a nearly 19% drop from its June highs amid the broader AI-related pullback.
AMD shares fell over 8%, marking the steepest decline among its peers, as a semiconductor sell-off was triggered by Shanghai Aishengna's reported production of homegrown immersion DUV lithography systems. While these domestic units are viewed as a potential substitute for ASML's technology, they are currently unable to produce AMD's advanced MI300, MI400, or MI455X accelerators. Following the announcement, ASML shares declined 8%.
The semiconductor sell-off was triggered by Shanghai Aishengna's announcement of a homegrown immersion DUV lithography system, marking what is claimed to be the first viable domestic substitute for ASML's technology. Following this development, AMD shares plummeted over 8%, marking the steepest decline among its peers, while ASML shares fell by 8%.
AMD shares have plummeted over 8%, marking the steepest decline among its peers, as a semiconductor sell-off was triggered by reports of Shanghai Aishengna's breakthrough in producing homegrown immersion DUV lithography systems. While this domestic equipment is considered the first viable substitute for ASML's technology, it is noted that it cannot produce AMD's advanced accelerators like the MI300 or MI400 series. Following the announcement, ASML shares declined by 8%.
The semiconductor sell-off was triggered by Shanghai Aishengna's announcement of a homegrown immersion DUV lithography system, which is considered the first viable domestic substitute for ASML's technology. Following this news, ASML shares declined 8%, while AMD fell over 8%, marking the steepest decline among its peers. However, the reported DUV equipment is currently unable to produce AMD's advanced accelerators, such as the MI300, MI400, and MI455X series.
AMD reported Q2 revenue of $11.54 billion, a 50% year-over-year increase, and earnings per share of $1.38, though its stock fell approximately 9% in after-hours trading despite beating analyst expectations. The Data Center unit saw significant growth, reaching $6.7 billion in revenue—a 107% increase annually—while the gaming segment shrank by 31% due to the Semi-Custom business. For the upcoming third quarter of 2026, the company expects revenue to reach approximately $13 billion.
AMD's shares plummeted over 8% as a sector-wide selloff was triggered by Shanghai Aishengna's announcement regarding the production of domestic immersion DUV lithography systems, which is considered a viable substitute for ASML's technology. While the semiconductor decline impacted major players, AMD's fiscal performance for Q1 2026 exceeded expectations with $10.25 billion in total revenue and $1.37 earnings per share, surpassing the respective estimates of $9.89 billion and $1.29.
AMD's shares fell over 8% amid a semiconductor sell-off triggered by reports that Shanghai Aishengna has produced China's first viable domestic substitute for ASML's DUV lithography technology. While AMD's Q1 2026 earnings per share of $1.37 and total revenue of $10.25 billion both beat consensus estimates, the stock is facing pressure alongside ASML, which saw an 8% decline following the announcement.
AMD reported Q2 revenue of $11.54 billion, a 50% year-over-year increase, and earnings per share of $1.38, surpassing analyst expectations. Despite these results, the stock fell approximately 9% in after-hours trading, a decline reportedly driven by a sharp jump in capital expenditure. The company's Data Center unit showed significant strength, with sales reaching $6.7 billion, marking a 107% increase compared to the same period last year.
AMD shares fell by approximately 9% in after-hours trading following a Q2 earnings report that beat analyst expectations with $11.54 billion in revenue and $1.38 earnings per share. While Data Center revenue surged 107% year-over-year to $6.7 billion, the stock decline was driven by a sharp jump in capital expenditure. The company also reported a net income of $2.3 billion and a company-wide gross margin of 54%.
The semiconductor sell-off was triggered by Shanghai Aishengna's report of producing domestic immersion DUV lithography systems, marking a potential substitute for ASML's technology. Following this announcement, ASML shares declined 8% while AMD fell over 8%, marking its steepest decline among peers. Although AMD's Q1 2026 earnings per share of $1.37 and revenue of $10.25 billion both beat consensus estimates, the company's stock continues to face pressure.
Following its Q2 earnings report, AMD's stock fell approximately 9% in after-hours trading despite reporting $11.54 billion in revenue, a 50% year-over-year increase, and earnings per share of $1.38. The reported results included $6.7 billion in Data Center revenue, marking a 107% annual increase, while the company's gross margin rose to 54%. Although the figures beat analyst expectations, the decline was reportedly driven by a sharp jump in capital expenditure.
AMD's stock fell approximately 9% in after-hours trading despite reporting Q2 revenue of $11.54 billion, a 50% year-over-year increase, and earnings per share of $1.38. The decline, which Reuters noted as surprising given the company beat analyst expectations, follows a period of volatility where the stock had already slipped nearly 19% from its June highs. The company also reported a net income of $2.3 billion and a surge in data center revenue to $6.7 billion, up 107% annually.
AMD reported Q2 revenue of $11.54 billion, a 50% year-over-year increase, and earnings per share of $1.38, despite the stock falling approximately 9% in after-hours trading. The Data Center segment saw significant growth, with sales reaching $6.7 billion, marking a 107% increase compared to the same period last year. While the company beat analyst expectations, the share price decline was reportedly driven by a sharp jump in capital expenditure.
AMD reported Q2 2026 revenue of $11.54 billion, a 50% year-over-year increase, and earnings per share of $1.38. While the company beat analyst expectations, its stock fell approximately 9% in after-hours trading, a decline attributed to a sharp jump in capital expenditure. Results highlighted a 107% annual growth in Data Center revenue to $6.7 billion, though the gaming segment shrank by 31%.
AMD reported Q2 2026 revenue of $11.54 billion, a 50% year-over-year increase, and an earnings per share of $1.38, with data center sales reaching $6.7 billion. Despite beating analyst expectations, the company's stock fell approximately 9% in after-hours trading, a decline attributed to a sharp jump in capital expenditure. CEO Lisa Su projected that total revenue growth will exceed the company's previous target of 35%.
AMD's Q2 2026 revenue reached $11.54 billion, a 50% year-over-year increase, driven by Data Center revenue hitting $6.7 billion. Despite beating expectations, the stock fell approximately 9% in after-hours trading, reportedly due to a sharp jump in capital expenditure. The company also expects third-quarter revenue to reach approximately $13 billion.
AMD's stock fell approximately 8% to $480.28 following its Q2 earnings report, as its revenue of $11.54 billion and third-quarter sales forecast underwhelmed investors despite beating consensus estimates. The decline was further linked to a semiconductor sell-off triggered by China's Shanghai Aishengna reporting production of homegrown DUV lithography systems. While AMD's data-center revenue grew 107% year-over-year to $6.7 billion, the stock continues to face pressure as investors look for stronger signs of AI infrastructure profit growth.
