StocksMedium•6 November 2026•
1 min read
AMD Shares Surge 11% as Dip Buyers Return to Chip Sector
Key Facts
1AMD shares jumped 11.01% to $448.93 as dip buyers returned to chipmakers following a selloff.
2AMD reported record Q3 revenue of $13.4 billion, representing a 45% year-over-year increase.
AMD shares jumped 11.01% to $448.93 as dip buyers returned to chipmakers following a sector-wide selloff. TradingView reported that the rebound was driven by investor interest in semiconductor stocks after a brief AI-related rout, supported by the company's strong quarterly earnings results.
The company reported record Q3 revenue of $13.4 billion, representing a 45% year-over-year increase, fueled by data center revenue nearly doubling to $8.5 billion. According to TradingView data on November 6, 2026, AMD achieved a non-GAAP EPS of $2.09 and guided fourth-quarter revenue to approximately $17 billion.