Here’s How Much Traders Expect AMD Stock To Move After Today’s Earnings

• Advanced Micro Devices is scheduled to report earnings after the closing bell today, with Wall Street analysts expecting record revenue driven by gains in its data center segment.

• Options pricing suggests traders expect AMD’s stock could move up to 7% in either direction after its results.

Advanced Micro Devices is set to report its latest quarterly results after the closing bell today, with traders expecting a big move in the chipmaker’s stock.

Options pricing suggests traders expect AMD (AMD) shares could move up to 7% in either direction by the end of this week. A move of that size from the stock’s recent level around $256 could push shares as high as $274, topping October’s record highs in the wake of a massive deal announced with ChatGPT maker OpenAI. At the low end, it would leave shares around $238, where they were late last month.

A flurry of big AI deals has helped spur big stock gains this year for chipmakers like AMD, though brewing concerns about a bubble in the space and rising expectations ahead of the company’s earnings report, due later today, could add more pressure on the company to impress with its results.

Most Wall Street analysts lean bullish on AMD’s prospects, with a majority of those surveyed by Visible Alpha calling it a “buy,” thought the stock has already surpassed their consensus target with its recent gains. AMD’s stock has more than doubled in value this year, with much of its rise fueled by optimism spurred by the OpenAI deal last month.

AMD is seen reporting adjusted earnings per share of $1.16 on a 28% year-over-year jump in revenue to a record $8.76 billion for the third quarter, driven by booming demand for its chips for data centers, its largest revenue segment.

The shares were down about 2% recently amid a broader market decline led by the tech sector as worries about an AI bubble weigh heavy. Read Investopedia’s full daily markets coverage here.

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