AMD shares drop about 10% as chip stocks slide after Intel's weak outlook

Intel's results were followed by a sharp decline across chip stocks. One report put Intel's own drop at about 25%, with Dell down roughly 13%, AMD about 10% and NVIDIA about 3%. Other outlets cited smaller AMD declines of 6.5% to 7%, apparently at different points in the session, so the exact figure depends on timing.

According to the sources, Intel's report flagged two problems: a weak PC market and difficulty producing enough AI server chips. Investors are expected to learn soon whether AMD is struggling with similar issues, and that read-across weighed on its shares.

Other factors added to the pressure. Some coverage links the wider tech decline to a profit miss at Samsung and to lighter capital spending signals from Microsoft and Alphabet. One report said Nasdaq futures dropped up to 2.5% as the tech selloff deepened.

Weaker PC demand could reduce expected sales of AMD's client processors, while softer hyperscaler spending could dampen expectations for data center chips. Most source items are summaries, so details on AMD's own exposure remain unconfirmed.