AMD Shares Drop 17% on Earnings Amid AI Product Launch Outlook - (AMD)

Wednesday, February 4, 2026: Shares of Advanced Micro Devices (AMD) fell 17% to a session low, closing around $200 per share, well below the $276 consensus price target. Quarterly results beat estimates, but expectations, softness in non-China regions, and uncertainty about the competitiveness of its next-generation products weighed on sentiment,拖累 the year-to-date performance despite outperforming in some metrics. CEO Lisa Su told CNBC and analysts that demand is “on fire,” with AI unit revenue expected to grow 60%+ annually over the next 3–5 years. AMD is preparing to launch next-gen AI chips in the second half of 2026, with revenue from the MI450 series expected to begin contributing in the third quarter. She characterized 2026 as a “big inflection year” as the company seeks to overtake its rival, Nvidia (NVDA), in the data center segment.