AMD Chief Executives Sells $27 Million in Stock Amid Sector Turbulence

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Advanced Micro Devices (AMD) CEO Dr. Lisa Su executed a significant sale of company shares on December 11, 2025, divesting a stake valued at approximately $27 million. This transaction represents the largest single insider trade at the semiconductor firm in recent months. The news emerged alongside market speculation regarding a potential strategic shift involving industry rival Intel. AMD's share price concluded the week at $210.78, marking a single-day decline of 4.8%.

The company is concurrently navigating legal challenges. Lawsuits filed in Texas allege that AMD, along with Intel and Texas Instruments, knowingly permitted gray market sales of their components. The filings claim that AMD parts were discovered in Russian drones and missiles between 2023 and 2025, despite an official supply halt following the 2022 invasion of Ukraine.

On the product front, AMD continues its aggressive rollout of new hardware. Official chipset drivers updated on December 12 revealed references to the "Ryzen AI 400 Series," codenamed Gorgon Point. This lineup for high-end laptops is anticipated to debut at the CES 2026 exhibition. Simultaneously, on December 13, the company introduced FSR 4 "Redstone," an AI-powered upscaling technology designed for its upcoming RDNA 4 GPU architecture.

Insider Selling Trends and Market Context

Dr. Su's sale involved 125,000 shares and was conducted under a pre-arranged 10b5-1 trading plan, totaling $26.9 million. This move contributes to a broader trend of insider disposals. Over the preceding three months, company insiders have sold securities worth a combined $40.25 million, with no recorded insider purchases during the same period.

This activity occurs during a period of pressure across the semiconductor sector. Disappointing forward guidance from industry players like Broadcom and Oracle has fueled concerns about a potential bubble in artificial intelligence investments. AMD shares have been caught in this wider market sell-off.

A Strategic Hiring Hint at Intel Partnership

In a surprising development, a job listing discovered on December 13 points to a possible strategic pivot. AMD is actively seeking an engineer with specific expertise in Intel's proprietary PowerVia technology. This chip power-delivery method is integral to Intel's advanced 18A manufacturing node.

The specialized nature of this recruitment suggests AMD is seriously evaluating the possibility of manufacturing future chip generations through Intel Foundry Services. Such a move could reduce AMD's reliance on its primary foundry partner, Taiwan Semiconductor Manufacturing Company (TSMC), and strengthen its negotiating leverage. Additionally, it would expand U.S.-based production—a shift aligned with current political priorities.

Valuation and Analyst Outlook

Despite recent share price weakness, AMD continues to command a premium valuation, trading at a price-to-earnings multiple of 110. The company reported third-quarter revenue of $9.25 billion, representing a 36% year-over-year increase.

Market analysts maintain a median price target of approximately $281.50 for AMD stock, significantly above its current trading level. For now, the confluence of substantial insider selling, legal uncertainties, and broad sector weakness is tempering upward momentum. Whether the hints of an Intel collaboration materialize into a formal agreement will be a key focus for investors in the coming weeks.