---
title: "AMD Sinks 2.9% Before Nvidia's Critical Earnings Test"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296823467.md"
description: "AMD stock fell 2.9% to $459.24, reflecting broader weakness in the semiconductor sector ahead of Nvidia's critical earnings report on August 26. While AMD reported record Q2 revenue of $11.5 billion driven by data center demand, its high valuation—trading at 118 times trailing earnings and significantly above GF Value estimates—raises concerns about execution risks. The market is shifting focus from promises to tangible profits and cash flow."
datetime: "2026-08-24T19:56:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296823467.md)
  - [en](https://longbridge.com/en/news/296823467.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296823467.md)
generator: "portal-rs"
---

# AMD Sinks 2.9% Before Nvidia's Critical Earnings Test

Advanced Micro Devices , the chipmaker fighting for a bigger slice of the AI boom, tumbled approximately 2.9% to $459.24 Monday afternoon as every stock in the Philadelphia Semiconductor Index turned red. Nvidia's August 26 earnings have become more than one company's report. They are now a stress test for the entire AI-chip trade.

AMD's second-quarter revenue smashed a record $11.5 billion, including roughly $6.7 billion from data centers. OpenAI, Meta and Anthropic have already placed major bets on AMD accelerators. The demand is real. So is the execution risk. Those agreements must survive years of software development, infrastructure spending and large-scale deployment before they become the profit machine investors expect.

Here is the uncomfortable part: the stock trades at roughly 118 times trailing earnings, while its $459.24 market price sits 67.18% above the $274.70 GF Value estimate. That is not a modest premium. It is a towering bet that AMD's MI450 systems will ship fast, scale smoothly and protect margins. Monday's drop sent a sharp warningWall Street is finished applauding promises. It wants chips moving, profits climbing and cash pouring in.

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## Related News & Research

- [AMD or Nvidia: Load Up on One AI Chip Stock, but Avoid the Other, Says Investor](https://longbridge.com/en/news/296792383.md)
- [Nvidia Q2 Preview: Strong Earnings and Low Valuation Set the Stage for Upside](https://longbridge.com/en/news/296688005.md)
- [Nvidia Earnings: Wall Street Expects Growth to Slow in Q2 — Dan Niles Says Hyperscalers Are Spending Like Never Before](https://longbridge.com/en/news/296822352.md)
- [Nvidia Warns Customers Of Upcoming Price Hikes](https://longbridge.com/en/news/296798848.md)
- [Top AMD Executive Makes High-Profile Stock Move That’s Turning Heads](https://longbridge.com/en/news/296294215.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**