Advanced Micro Devices (AMD) is experiencing a decline in its stock price today, primarily due to bearish sentiment from significant investors. According to recent options trading data, a majority of large-scale traders have taken a bearish stance on AMD, with 62% of the trades being puts. This indicates a lack of confidence in the stock's short-term performance, as these investors are betting on a decline in AMD's price. Additionally, Wolfe Research has projected that AMD's AI revenue for 2025 could fall short of expectations by $3 billion, further dampening investor sentiment.
Moreover, Intel's recent announcement of its new Battlemage graphics cards, which have received positive reviews, adds competitive pressure on AMD. Intel's B580 card, priced competitively, has been noted to outperform AMD's 7600 XT in certain benchmarks, potentially threatening AMD's market share in the midrange graphics card segment.
AMD's stock is currently trading at $123.29, down 2.68% from its previous close of $126.69, and has decreased by 0.95% from its opening price of $124.47.