AMD (Advanced Micro Devices) stock price opened at $449.70 on Friday, May 15, 2026 , near its 52-week high. However, the asset’s price fell by nearly 5.7% through the day, closing at $424.10. AMD delivered quite a successful first quarter of 2026, beating expectations registering record revenue. Let’s discuss what was behind AMD’s price surge, and why the stock may have faced a price correction.
What’s Pushing AMD Stock Prices?
AMD’s surge came amid a larger AI and computing-based breakout. AI has been at the center stage over the last few years. Nvidia (NVDA) has led the momentum, hitting multiple record highs over the last few months. AMD is also following a similar trend. The company reported a first quarter earning per share of $1.37, beating estimates of $1.29, and a revenue of $10.25 billion, outshining the expected $9.90 billion.
AMD’s MI-series AI accelerators, and its Instinct and EPYC processors are the major drivers behind its growth. AMD also revealed its latest Ryzen PRO 9000 workstation chips with 3D V-Cache. The chip is designed for AI workloads, simulation, and gaming.
Why Is The Stock Falling?
Despite a positive first quarter, AMD stock price saw a steep dip on Friday, May 15, 2026. The could be due to investors booking profits, or the US jobs data from earlier this week. High employment rate may lead to the Federal Reserve keeping interest rates unchanged as it tries to keep inflation down.
Additionally, AMD’s price dip could also be due to the Trump-Xi meeting in China. The two countries are working on a new trade deal, which will most likely include AI and computing in some form. The development may have led to investor bracing for some trade changes.
Also Read: AMD vs Intel in 2026: Which Stock to Buy Amid Market Dip
The second half of 2026 may see further price dips for AMD. According to CFO Jean Hu, gaming revenue for the second-half of 2026 is expected to decline due to higher memory and component costs.