1d agoBarron'sBEARISH 32Earnings
Core Scientific Stock Drops as Big Earnings Miss Overshadows AMD Deal
Core Scientific stock falls after the company reports quarterly results and announces a data-center capacity partnership with AMD.
Archived explainer. For the current picture see today's AMD page.
Why Is ADVANCED MICRO DEVIC (AMD) Stock Moving Today?
By the Top Tier Newswire AI Desk · July 28, 2026 at 11:07 AM ET · reviewed against 48 wire stories
ADVANCED MICRO DEVIC (AMD) is drawing unusual attention today. Our newswire has captured 48 stories on AMD across 17 sources in the last 36 hours, with AI sentiment reading mixed (avg 57/100).
Advanced Micro Devices stock is moving lower today by 3.7 percent as of 10:30 AM ET. The decline follows a sharp gap down from the previous session and is influenced by broader concerns over AI market momentum and a recent earnings miss from a key partner. The session has seen heavy selling pressure, with the stock reaching a low of $442.27 and trading at $450.42 as of the latest update.
What Happened
The immediate catalyst for the move is the earnings report and partnership announcement from Core Scientific. The data center provider reported a significant earnings miss and announced a 15-year commercial partnership with AMD covering up to 2.5 gigawatts of data center capacity. This deal, which includes 530 megawatts of U.S. capacity starting in 2027, has drawn attention but appears to have been overshadowed by Core Scientific’s weak results. The partnership is seen as a strategic move for AMD to expand its AI infrastructure support, but the broader market is reacting to growing concerns about the sustainability of the AI-driven chip rally.
In addition, AMD’s stock has crossed below its 50-day moving average, a technical signal that has drawn bearish attention. Analysts and investors are increasingly questioning whether the AI sector is overvalued, with some calling for caution as signs of a potential slowdown emerge.
What The Data Shows
The intraday session shows a sharp decline, with the stock trading at 0.3 times its 3-month average volume. The stock has lost 3.3 percent over the last eight sessions, moving from $511.93 to $494.95. AMD has a market cap of $851.1 billion and a P/E ratio of 165.0, reflecting its high valuation. Recent insider transactions include eight sales totaling $147.1 million over the last 90 days. On the options market, unusual activity has been noted, with $131.5 million in call premiums versus $113.3 million in put premiums. The stock also hit 18 fresh 52-week lows on July 28.
What To Watch
AMD’s next key event will be its scheduled earnings report. Until then, investors will be watching for shifts in coverage breadth and whether the broader chip sector stabilizes in response to AI demand concerns.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Not financial advice.
AMD by the numbers
7 sessions: -7.36%Coverage: 48 stories / 17 sourcesAI sentiment: 57/100 (mixed)Mkt cap: $851.1BP/E: 165.052w: $149.22 to $584.73
The headlines behind the move
1d agoYahoo FinanceBULLISH 63Product/PR
Core Scientific Q2 Earnings Call Highlights
Core Scientific (NASDAQ:CORZ) said it has entered a commercial partnership with AMD covering up to 2.5 gigawatts of data center capacity, beginning with approximately 530 megawatts across five campuses under 15-year agreements. Chief Executive Officer Adam Sullivan said the initial agreements repre
1d agoInvestors.comBEARISH 38General
AMD Stock Sets Up For This Bearish Trade As AI Bubble Trouble Looms
AMD stock has dropped through its 50-day moving average as talk of an artificial intelligence bubble bursting gets louder.
1d agoThe Motley FoolBULLISH 58Analyst
AMD vs. Intel: Which Is the Better Artificial Intelligence Chip Stock to Own Until the End of 2027?
Both chipmakers have made investors significantly richer over the past year, and they can sustain their healthy growth rates owing to the improving demand for their chips.
1d agoBarchartBULLISH 67Analyst
Are Wall Street Analysts Predicting Advanced Micro Devices Stock Will Climb or Sink?
Advanced Micro Devices has significantly outperformed the broader market over the past year, and analysts are highly optimistic about the stock’s prospects.
1d agoQuartzBULLISH 63General
AMD secures up to 2.5 GW of AI data center capacity from Core Scientific - qz.com
Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.
1d agoQuartzBULLISH 63Product/PR
AMD is securing up to 2.5 gigawatts of AI data center capacity from Core Scientific
The deal gives AMD access to more than 500 megawatts of U.S. capacity beginning in 2027, with the option to expand to 2.5 gigawatts
1d agoYahoo TopBULLISH 73Product/PR
Advanced Micro Devices (AMD) Surged on an Agentic AI-Driven Server CPU Renaissance
Columbia Threadneedle Investments, an investment management company, released its “Columbia Seligman Global Technology Fund” second quarter 2026 investor letter. A copy of the letter can be downloaded here. During the quarter, the Fund’s Institutional Class shares returned 50.34%, outperforming the MSCI World Information Technology Index’s 33.65% gain. Stock selection in semiconductors, technology hardware and software, […]
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More on AMD: full news and sentiment history. Sentiment scores are AI-derived research signals, not financial advice.
Earlier AMD move explainers: 2026-07-29 · 2026-07-28 · 2026-07-27 · 2026-07-24 · 2026-07-23 · 2026-07-22 · 2026-07-21 · 2026-07-20 · 2026-07-17 · 2026-07-16 · 2026-07-14 · 2026-07-13