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Advanced Micro Devices

$158.94

-1.82%

22 of 22

MI300 ramp is the swing factor; client + gaming still soft.

: $257B
: 203
DC YoY: +115%
: 52.4%
: 2.7%

More angles · 6

The headline metrics above sit at the top because they're what most readers glance at first. These six dimensions are where a tech-focused study actually lives — capital intensity, margin trajectory, concentration risk, and the per-sub-sector quality metrics this kind of business is judged on.

: 25.0%
: 13.8%
: 1.6%
: 10.4%
MI300 backlog: $4B+ FY
3yr rev CAGR: +8%

Track in portfolio Back to feed

Stands out in coverage

Where AMD leads — and where it trails — the rest of coverage

2 callouts

Leads

AMD doesn't lead on any tracked row.

Trails

Weakest mover today-1.82%vs 21 peers
Highest P/E203in Semiconductors vs 4 peers

Fundamental rows (P/E, margins, growth) rank AMD against same-sector peers that disclose the metric — a high P/E means different things in different sectors, so the comparison stays within one. Sectors with only one ticker in coverage fall back to the full catalog so the chip isn't silently dropped. Market cap and today's move stay coverage-wide — those are positional summaries, not quality reads. Direction (higher- or lower-is-better) is editorial; rows we don't have a confident direction on are skipped. Structural ranking, not individualised investment advice.

What changed on the call

How management's posture shifted from FY25-Q4 to FY26-Q1

2 quarters

Tone: balancedconstructive
Guidance: maintainedraised FY rev guide

This quarter · FY26-Q1

Called 2026-04-30

Data Center segment growth accelerated as MI series shipments ramped; management characterised customer concentration as broadening from a handful of named hyperscalers toward a wider pipeline. Client and Embedded recovered modestly. Management was unusually specific about software-stack progress as a sales enabler.

Data Center revenue growth re-accelerated; MI series ramp described as ahead of internal plan.
Customer pipeline framed as broadening beyond the initial named hyperscalers — multi-tier 2 wins flagged.
ROCm software-stack progress called out as a sales enabler, with specific customer references.
Embedded segment characterised as bottoming; recovery sequencing in line with prior commentary.

Prior · FY25-Q4

Called 2026-01-28

Data Center growth solid but lumpy; MI series ramp characterised as on plan rather than ahead. Client recovery sluggish, Embedded weaker than expected. Management defensive on the AI accelerator competitive narrative without quantifying share.

Data Center growth solid; MI series ramp called "in line with our internal plan" — not ahead.
AI accelerator competitive question deflected; management leaned on customer-pipeline narrative.
Client revenue recovery weaker than peers; channel inventory still digesting.
Embedded segment flagged as below internal forecast — first negative call-out in several quarters.

New this quarter

data center accelerationmi series rampcustomer broadeningrocm software progressembedded bottoming

Dropped from prior

data center lumpymi series on planclient recovery sluggishembedded missai accelerator competitive

Publisher summary. Structured editorial commentary, not a verbatim transcript.

Investor page ↗

Recent insider activity

3 insider buys on the tape

· last 30 days

3 distinct insiders bought AMD in the last 30 days — the multi-buyer pattern that historically reads more durably than any single buy on its own.

Net 30-day flow: +$12.2M
Distinct insiders: 3
Of which planned: —

Latest filings

Michael Chen · CEO
Filed May 9, 2026
+$4.1M
Buy10.8K sh
Hiroshi Tanaka · SVP Sales
Filed May 2, 2026
+$4.0M
Buy10.7K sh
Daniel O'Connor · General Counsel
Filed Apr 24, 2026
+$4.1M
Buy10.9K sh

Public Form 4 record. Plan-scheduled sales () are flagged so they don't read as conviction sales.

EDGAR ↗

& borrow

Crowded short setup on AMD — squeeze risk in both directions

Crowded short

on the borrow

Short interest is 18.5% of float with 71% utilization and rising borrow cost — the kind of crowded-short profile that historically reads as elevated volatility around AMD. Cuts both ways: a rally forces covering, a fundamental miss feeds the thesis.

: 18.47%
: 6.0d
: 22.7%
: 71%

Public short-interest disclosure (Reg SHO) and securities-lending read. The pressure label is publisher commentary, weighted into the verdict — not a directional call.

FINRA ↗

Government activity

AMD has a notable U.S. government footprint

Federal presence

footprint

Cumulative U.S. government awards on record total $165M — an meaningful federal contract footprint that reads as structural recurring revenue (security clearance, FedRAMP authorisation, and multi-year IDIQ vehicles are all moats that take years to replicate).

: $165M
Net congressional flow: −$833K
Disclosures: 3

Recent STOCK Act disclosures

Sen. Sample Member-E · Senate
Traded Apr 30, 2026
−$50,001–$100,000
Sell
Rep. Sample Member-H · House
Traded Apr 18, 2026
−$1,001–$15,000
Sell
Rep. Sample Member-C · House
Traded Apr 5, 2026
−$500,001–$1,000,000
Sell

Public-record STOCK Act disclosures and federal contract awards. The pattern label is publisher commentary on the data — apolitical and not a directional call.

Quiver ↗

& positioning

Options tape on AMD is quiet

Quiet tape

No notable options flow on record for AMD. The tape is quiet — no large premium prints in the recent window.

Public OPRA prints filtered to large, premium-weighted sweeps. The conviction label is publisher commentary — a confirmation read, not a directional call.

CBOE ↗

change

Substantial rewrite in AMD's latest 10-K

Substantial edit

Substantial language change

AMD’s latest 10-K reads 36.9% different from the prior comparable filing (0000002488-25-000012) — edits concentrated in Item 7 MD&A. The research finds material rewrites of risk-factor and MD&A language historically predict underperformance, on the read that management quietly tweaks the wording before the market reprices.

Form: 10-K
Filed: Feb 4, 2026
Δ vs prior: 36.9%
Sections moved: 1

Per-section delta

Item 7 MD&A
MD&A — narrative discussion of results and forward posture
Δ 36.9%
Heavy

Year-over-year shingle-cosine diff of / Risk Factors and MD&A. Material edits historically predict underperformance — publisher commentary on a public filing, not a directional call.

EDGAR ↗

Hold

AI · AMD

Evidence is balanced or mildly favourable.

59%

trajectory

Held Hold across 6 cycles

HoldJul 22
HoldJul 23
HoldJul 24
HoldJul 25
HoldJul 26
HoldJul 27

Last 6 cached cycles. Each cycle is the same impersonal verdict shown on the profile that day — calls move as the evidence does.

On balance the signal composite for AMD (synthetic fixture) reads neutral (0.15). The verdict reflects the weighted blend of 7 signals against the current macro backdrop.

Verdict-stage steelman

If we're wrong, this is why

The strongest argument against the Hold read on AMD (synthetic fixture) is lazy prices (10-k text change): Substantial language change in the latest 10-K (Item 7 MD&A Δ0.37) — text-change is a documented negative predictor.

Why the call still landed on Hold

That argument is real, but the weighted composite of 0.15 and 60% directional agreement across the signal set — anchored by quality / momentum / value composite — still tilts the read to Hold. A revision would need the opposing signal to broaden, not stay isolated.

Published whether the call is high- or low-confidence — so the bear side is never invisible.

Conditions to watch — not predictions.

weakens read
If AMD gross margin falls below 61%
Observe
next 10-Q gross-margin disclosure on the income statement
Horizon
next print
weakens read
If the lazy prices (10-k text change) signal flips negative for two consecutive cycles
Observe
Lazy Prices (10-K text change) score in the per-ticker signal report
Horizon
within 2 reporting cycles
weakens read
If the 10-year Treasury yield rises above 4.55%
Observe
FRED DGS10 daily series
Horizon
within 90 days

14 claims · 7 sources

Quality / Momentum / Value composite
Computed
- quality — 0.844
- momentum — 1
Lazy Prices (10-K text change)
Primary filing
- formType — 10-K
- filedAt — 2026-02-04
Opportunistic insider buys
Insider filing
- clusterBuyDetected — true
- net30dValueUsd — 12212939
Short interest & borrow
Market data
- shortInterestPctFloat — 18.47
- daysToCover — 6
Earnings-call sentiment
Computed
- available — true
- model — curated-tone (FinBERT in prod)
Government activity
Public record
- govContractAwardsUsd — 165000000
- congressTradeCount — 3
Options flow
Market data
- printCount — 0
- totalPremiumUsd — 0

Tier badges sort the evidence: primary filings and insider disclosures anchor the read; computed signals lean on the sources beneath them. Tap a row to ask the assistant what a specific claim means.

Running Haiku → Sonnet pipeline…

History · AMD

3 items

NewsCNBC · 2026-07-22

5d ago

AMD

$158.94-1.8%

AMD and Anthropic ink 2-gigawatt MI450 GPU deal with up to $5B equity stake

AMD and Anthropic announced a strategic partnership on July 22, 2026 to deploy up to 2 gigawatts of AMD Instinct MI450 Series GPUs in AMD Helios rack-scale solutions, with first-gigawatt deployment beginning in H1 2027. AMD has also committed to a strategic equity investment of up to $5 billion in Anthropic. CEO Lisa Su called it a step toward establishing Helios as 'a major platform for the next generation of AI infrastructure.'

NewsAMD IR · 2026-07-22

5d ago

AMD

$158.94-1.8%

AMD and Anthropic Sign Deal for Up to 2 GW of MI450 GPUs; AMD to Invest $5B

AMD and Anthropic announced a strategic partnership on July 22 under which Anthropic will deploy up to 2 gigawatts of AMD Instinct MI450 Series GPUs in AMD Helios rack-scale solutions, with the first gigawatt deployment beginning in H1 2027. AMD has committed a strategic equity investment of up to $5 billion in Anthropic, contingent on deployment milestones, marking AMD's first investment in an AI company. The companies will also launch a multi-year engineering collaboration using Claude to accelerate AMD's ROCm software development.

Price moveFX Leaders · 2026-07-21

6d ago

AMD

$158.94-1.8%

AMD surges ~8% on Microsoft Azure Helios deployment news

AMD shares jumped 7.9% to $543.10 on July 21 after Microsoft announced plans to deploy AMD's Helios rack-scale AI infrastructure across Azure. The rally lifted AMD's market capitalization to approximately $896 billion, with shares touching an intraday high of $546.77. AMD's Data Center division has reported 57% year-over-year revenue growth, now representing over 56% of total company revenue.

Peers in coverage

Other tickers in Semiconductors, then more from the coverage list.

Compare 4 side by side

Same impersonal verdict shown on each profile page, surfaced for discovery. The order does not account for your positions or concentration. Browse the full list on the screener.

What this profile tracks

PriceDaily move and a session .
Filings / text diffs and material .
Insider and sales.
Short side, , and — squeeze pressure flagged.
Government congressional disclosures and awards.
OptionsLarge prints, weighted by — call / put split and conviction tag.
SentimentAggregated, decayed .
NewsCurated wires and press releases.
AI takesAsk the assistant — it knows you're on AMD.