AMD stock falls 5.09 percent as yields pressure valuation
Published on 09/28/2026 at 17:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
AMD stock (ISIN US0079031078) was trading at USD 598.50 on Nasdaq on September 28, 2026, down 5.09 percent from the previous close. The decline puts the chipmaker's USD 975.9 billion market capitalization below the USD 1 trillion milestone reached earlier in September.
Yields pressure a premium valuation
ScanX News reported on September 28 that rising Treasury yields were weighing on high-growth technology stocks. The same report listed Bank of America Securities as maintaining a Buy rating and raising its AMD price target to USD 720 on September 25.
That target is 20.31 percent above the current USD 598.50 price. AMD traded between USD 596.17 and USD 629.64 during the September 28 session, with volume at 9,485,423 shares.
Q2 revenue rose 50.1 percent
According to Yahoo Finance on September 21, AMD reported Q2 2026 revenue of USD 11.54 billion, up 50.1 percent year over year. Non-GAAP diluted EPS reached USD 1.66 against a USD 1.61 consensus estimate, while Data Center revenue rose 107 percent to USD 6.718 billion.
The operating mix explains why the valuation remains sensitive to expectations. Data Center revenue represented 58 percent of Q2 sales, while Gaming revenue declined 31 percent year over year to USD 779 million, according to the Q2 earnings-call transcript published by Fortune on August 4, 2026.
USD 13 billion is the next test
AMD's Q3 2026 guidance calls for revenue of USD 13 billion plus or minus USD 300 million, with non-GAAP gross margin at 56 percent, as stated in the August 4 earnings call. The midpoint implies 41 percent year-over-year growth and 13 percent sequential growth, keeping Data Center execution central to the next results cycle.
Gekko lists November 3, 2026, as AMD's next earnings date and reports a consensus revenue estimate of USD 12.98 billion. The comparison between that estimate and AMD's USD 13 billion guidance leaves a narrow numerical gap, while the current share price remains 6.33 percent below the 52-week high of USD 639.00.
AMD stock stays below its yearly high
AMD stock was trading at USD 598.50 on Nasdaq on September 28, 2026, with a 52-week range of USD 159.33 to USD 639.00 and market capitalization of USD 975.9 billion. The next market test is whether Data Center growth can continue to offset pressure in Gaming.
AMD stock snapshot
- Company: Advanced Micro Devices, Inc.
- ISIN: US0079031078
- Ticker: AMD
- Trading venue: Nasdaq
- Price (as of September 28, 2026, 11:08 a.m. ET): USD 598.50
- Market capitalization: USD 975.9 billion (as of September 28, 2026)
- 52-week range: USD 159.33-USD 639.00 (as of September 28, 2026)
- Next earnings date: November 3, 2026
