AMD Shares Jump 11% as Chip Stocks Rebound After Thursday Sell-Off

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AMD shares jumped 11% on Friday, November 6, 2026, closing at $449.04. The sharp rise came one day after the stock plunged 17.3%, as chip stocks bounced back and Wall Street analysts raised their price targets after AMD’s strong third quarter results.

What happened

AMD gained $44.64 on Friday to close at $449.04, up 11.04% from Thursday’s close of $404.40. The stock traded as high as $459.80 during the day, on volume of about 45 million shares.

The jump followed a brutal Thursday, when AMD fell 17.3% and the PHLX Semiconductor Index dropped about 12%, its worst day since 2020. On Friday the chip index recovered 4.2%, and the rebound spread across the sector. Intel rose about 8%, Micron gained 5%, and Nvidia added about 3%.

Two things drove the turnaround. First, AMD’s third quarter results, reported on November 3, beat expectations, with revenue of $13.4 billion, up 45% from a year earlier, and data center sales nearly doubling. The company also guided for about $17 billion in fourth quarter revenue, above Wall Street’s forecast. Second, analysts raised their price targets after the results. Morgan Stanley lifted its target to $550 from $510, JPMorgan raised its target to $575 from $550, Piper Sandler moved to $650 from $600, and Stifel raised its target to $725 from $700.

Chief Executive Lisa Su said the company’s server chip business will roughly double as shipments and core counts rise, and its data center AI business is expected to more than double.

The wider market also steadied on Friday. The Nasdaq rose 1.09% and the S&P 500 gained 0.32%, while the Dow slipped 0.46%. A stronger than expected US jobs report, with 165,000 jobs added in October, helped the mood.

Why it matters for beginners

This week showed how fast a single stock can swing in both directions. AMD lost 17% in one day and then gained 11% the next. That kind of move is common in chip stocks, because they react strongly to news about AI spending, earnings, and regulation.

It also shows that stocks in the same sector often move together. When chip stocks fell on Thursday, AMD, Nvidia, Intel, and Micron all dropped. When buyers returned on Friday, they rose together too.

Even after Friday’s jump, AMD is still about 32% below its 52-week high of $658.52, and down about 21% over the past five trading days. One good day does not erase a big fall. For beginners, the lesson is simple: a single day’s move, up or down, is not the whole story.

What to watch next

Watch whether the rebound holds when markets reopen on Monday, or whether sellers return. AMD’s data center orders and any new customer announcements will matter most for the stock. The next big market test is the US inflation report on November 10, followed by the Federal Reserve meeting on December 8 and 9.

FAQ

Why did AMD fall 17% on Thursday?

Chip stocks fell sharply after the US midterm election results raised worries about tighter rules on data center development and AI spending. The Nasdaq fell 5.5% that day, and the chip index had its worst day since 2020.

Why did AMD rise 11% on Friday?

Buyers returned after the sell-off, helped by AMD’s strong third quarter results and a wave of higher price targets from analysts. The strong US jobs report also lifted the wider market.

Has AMD recovered all its losses?

No. Even after Friday’s 11% jump, AMD closed at $449.04, still about 32% below its 52-week high of $658.52. The stock remains down about 21% over the past five trading days.

What is a price target?

A price target is an analyst’s estimate of where a stock could trade in the future, usually over the next 12 months. It is an opinion, not a promise, and targets often change after earnings.

Sources

MarketWatch via Morningstar, “Nvidia, AMD and other chip stocks rebound, but is relief from the ‘violent’ selloff only temporary?”, November 6, 2026. https://www.morningstar.com/news/marketwatch/20261106200/nvidia-amd-and-other-chip-stocks-rebound-but-is-relief-from-the-violent-selloff-only-temporary

TipRanks (TheFly), “AMD price target raised to $550 from $510 at Morgan Stanley”, November 4, 2026. https://www.tipranks.com/news/the-fly/amd-price-target-raised-to-550-from-510-at-morgan-stanley-thefly-news

This article is for general information and education only. It is not legal or financial advice.