AMD stock jumps over 6% after record earnings and strong Q4 outlook

AMD stock jumps over 6% after record earnings and strong Q4 outlook
Strong Q4 guidance lifts AMD

​AMD stock is staging a strong recovery after a record quarter. The sharp premarket gain improves the short-term setup, although uncertainty around the expansion of AI infrastructure continues to hang over the sector.

AMD price prediction
24H 0.17%
$487.17
48H 0.11%
$486.89
7D 1.05%
$491.48
1M -21.01%
$384.19
3M -31.73%
$332.01
6M -35.77%
$312.38
12M 64.6%
$800.52
Current price: $486.35 2.45 0.51%
Real-time Data 12:31
Daily range 473.54 Arrow from to Icon 497.40
Weekly range 466.07 Arrow from to Icon 574.99
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AMD reported record third-quarter 2026 results on November 3. Revenue jumped 45% year over year to $13.4 billion, while adjusted earnings reached $2.09 per share. Data Center was the main growth engine, with revenue surging 97% to a record $8.5 billion.

The company also guided for fourth-quarter revenue of around $17 billion, ahead of analyst expectations of $16.23 billion.

A break above $528 could extend AMD's recovery toward $549

AMD stock broke below the key $500 level, activating the alternative scenario outlined previously. The price reached the $479 target and went on to test $466.07.

In premarket trading on November 4, the stock is up more than 6%. Trading against the direction of such a large gap carries considerable risk. The base case therefore remains a move toward resistance at $528.

A break above that level could accelerate the recovery toward the 50-day SMA near $549.

A drop and sustained move below $500 would invalidate this scenario. In that case, the correction could extend back toward support at $479.

Texas election raises fresh risks for AI infrastructure expansion

The Texas election has added another source of uncertainty for AI chipmakers. Democrat Gina Hinojosa defeated Governor Greg Abbott, ending more than three decades of Republican control of the state.

Texas accounts for roughly 25% of planned U.S. data-center capacity. Abbott had already paused approvals for new grid connections in August pending a review of the power system, before expanding restrictions on new permits in September.

Hinojosa supports a longer moratorium, raising the risk of further constraints on AI infrastructure development.

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