AMD stock today: what the price says, and why
TL;DR:
- AMD trading near $164–$172 today, volatile on AI news.
- Next earnings is tentatively November 4, 2025.
- MI350 series and data center demand are key drivers.
- Export curbs to China remain a headwind.
- Watch Q3 guidance updates and MI350 adoption.
Price snapshot
Advanced Micro Devices Inc. (AMD)
$164.67
-$5.06(-2.98%)October 3
$164.38-$0.29(-0.18%)After Hours
1D5D1M6MYTD1Y5Ymax
Open170.25
Volume42.7M
Day Low163.16
Day High171.58
Year Low76.48
Year High186.65
As of October 4, 2025, AMD trades around the mid-$160s intraday with wide swings tied to AI chip headlines and broader tech sentiment.
What is moving AMD now
- AI accelerators. AMD’s Instinct MI350 roadmap refresh in September keeps the AI thesis in focus. Technical sessions at Hot Chips highlighted CDNA 4 gains
- Guidance and earnings. On August 5, AMD guided Q3 revenue to about $8.7B plus or minus $300M. A tentative next earnings date is November 4, 2025.
- Policy risk. U.S. export rules for advanced AI chips to China weigh on 2H revenue. AMD flagged a meaningful 2025 impact from licensing limits.
- Sector flows. AI investment headlines can lift or sink the group on any given session.
What to watch next
- Color on MI350 shipments and customer ramps.
- Data center segment growth vs. expectations.
- Any update on China licensing and mix shift.
Quick checklist for investors
| Item | Why it matters |
| MI350 adoption | Converts hype into revenue |
| Data center margin | Signal on AI mix and ROCm wins |
| Export updates | Clears overhang on China demand |
| EPS guide | Sets tone into holiday quarter |
Sources:
- AMD blog, “Instinct MI350 Series,” https://www.amd.com/en/blogs/2025/amd-instinct-mi350-series-game-changer.html , 2025-09-08
- Reuters, “AMD data center results disappoint, shares slump,” https://www.reuters.com/world/china/amd-data-center-results-disappoint-shares-slump-2025-08-05/ , 2025-08-05
- Wall Street Horizon, “AMD Earnings Calendar,” https://www.wallstreethorizon.com/amd-earnings-calendar , accessed 2025-10-04
- Reuters, “AMD forecasts revenue impact from US curbs on China chip exports,” https://www.reuters.com/business/chipmaker-amd-forecasts-second-quarter-revenue-above-estimates-2025-05-06/ , 2025-05-06
