News · Advanced Micro Devices, Inc. (AMD) · Technology

Advanced Micro Devices rises 1.9% on infrastructure and AI partnership announcements

Session of October 13, 2026 · Published October 14, 2026 · 4 min read

What happened

Advanced Micro Devices (AMD) rose 1.9% to $605.53 on October 13, 2026, after announcing multiple AI infrastructure and cooling partnerships tied to data-center expansion. Trading volume was 0.8 times its 20-day average and the stock opened 2.8% below the previous close. The S&P 500 was unchanged on the day and the Technology sector median fell 0.3%, leaving the stock 2.2 percentage points better than the sector median.

Closing price over the last 30 trading sessions. On October 13, 2026, AMD closed at $605.53, up 1.9% on the day and 31.7% higher than 30 sessions earlier.

How big was the move

The session amounted to 0.5 times a typical daily move for this stock, an ordinary session by the metric used here. The stock has a beta of 1.83, meaning the stock tends to move more than the market. Over the last five sessions the stock fell 6.8% while the S&P 500 over five sessions fell 0.2%. At the close the stock was 8.0% below the 52-week high.

Each bar is one day's price change; the outlined bar is October 13, 2026. A typical daily move over the past year was 4.3%, so the latest move equals 0.4 times that. Moves outside the dashed lines (about 8.6%) are unusual.

The technical picture

The stock was 0.4% below its 20-day moving average and 13.5% above its 50-day moving average, with the 50-day average above the 200-day average, a sign of an established uptrend. The stock was 55.6% above its 200-day moving average and had spent 334 consecutive trading days above the 200-day average. Its Relative Strength Index (14 days) was 56, in a neutral range between 30 and 70. Volatility was 63% annualized over 60 days, higher than 67% of its own readings over five years.

Closing price over the past year. AMD ends the period 6.8% below its 52-week high, above its 50-day average ($533.70) and above its 200-day average ($389.17).

AMD has shown strong momentum over longer horizons: the stock rose 22.7% over one month, rose 14.4% over three months and was up 181.8% over one year, 162.7 percentage points ahead of the S&P 500. Those gains sit alongside the recent short-term pullback over five sessions, underscoring the stock's tendency for volatile moves amid heavy news flow and sector rotation.

Fundamentals and valuation

For the four quarters through June 27, 2026, revenue was $41.30 billion, which grew 39.5% from a year earlier. Diluted earnings per share were $3.90, which rose 122.9% from a year earlier, and gross margin was 53.2% (a year earlier: 47.6%). Operating margin was 15.7% (a year earlier: 7.7%) and free-cash-flow margin was 20.3%. The balance sheet showed net cash of $810.0 million and share count over one year increased by 1.5%.

Quarterly revenue by period end. The latest quarter brought $11.5B, 50.1% more than the same quarter a year earlier.

Valuation remained high relative to historical norms. The stock traded at 155.3 times trailing earnings, higher than 75% of its own readings over the past five years (five-year median: 102.3 times earnings). Price to forward earnings was 79.3 times expected earnings and free-cash-flow yield was 0.8%. PromtFinance scores ranked the company 96 for Growth and 96 for Momentum, 74 for Quality, 47 for Revisions, 44 for Stability and 26 for Value.

Those figures paint a classic growth-at-a-high-valuation picture: revenue and earnings expanded rapidly, margins widened and free-cash-flow margin was strong, yet the stock trades at elevated multiples and has a very weak Value score. Investors weighing new infrastructure news must balance strong underlying profitability with an expensive earnings multiple.

Earnings and analyst expectations

AMD last reported on August 4, 2026, when earnings per share were $1.66 against $1.62 expected, 2.5% above estimates. The company had seven consecutive quarters beating estimates, with average surprise over the last four reports of 6.8% above estimates. Typical two-day reaction after recent reports was that the stock rose 1.4%. The next report was scheduled for November 3, 2026.

Diluted earnings per share by quarter. The latest quarter shows $1.38, against $0.54 in the same quarter a year earlier.

Analysts placed a consensus price target of $607.59, 0.3% above the closing price, based on 71 analysts with a consensus rating of Buy and 72% of ratings at Buy. That narrow gap between target and price suggests Street estimates broadly reflect current trading levels and the market's view of near-term growth prospects.

What to watch

November 3, 2026: Next earnings report scheduled.
October 13, 2026: AMD signed a credit support agreement with Fermi Inc. to back a lease for phase one of Fermi's Project Matador, supporting a 222 megawatt buildout for energy and AI infrastructure in Carson County, Texas (reported by The Motley Fool and Accesswire).
October 13, 2026: Scaleway announced plans to build an AMD-powered AI supercomputer in Sweden (reported by Reuters and GuruFocus).
Four quarters through June 27, 2026: Revenue was $41.30 billion and diluted earnings per share were $3.90.
Valuation as reported: 155.3 times trailing earnings and price to forward earnings of 79.3 times expected earnings.

Full AMD analysis: scores, chart and financials →