AMD Stocks Gain 2.6% as Investors Look Beyond NVIDIA After CEO Exit Khac Phu Nguyen Thu, November 12, 2026 at 11:44 AM EST 1 min read AMD +5.98% NVDA -4.91% ANTH.PVT INTC -0.69% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Advanced Micro Devices Inc (NASDAQ:AMD) shares gained 2.6% at 9:55 a.m. ET in early regular-session trading on November 12 as investors hunted for AI chip exposure outside NVIDIA after its CEO resigned. William Blair upgraded AMD to Outperform, citing NVIDIA's (NASDAQ:NVDA) leadership problems and Intel's supply constraints, according to CoinCentral, which put AMD's premarket gain as high as 3.6%.
Warning! GuruFocus has detected 5 Warning Signs with AMD.
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AMD also has a seat inside the year's biggest AI listing. Anthropic's amended S-1 shows AMD buying 33,783,783 Class N shares, about $2.5 billion at the $74 midpoint, in a $26 billion private placement that runs alongside an 825 million-share IPO priced at $70 to $78. CoinCentral reports the purchase is part of a $5 billion commitment tied to a July Helios supply deal. The shares had already climbed 23% this week through Wednesday's close.
The placement is tiny against AMD's $923.67 billion market value, about 0.27%, but it ties AMD to one of the largest buyers of AI compute. GuruFocus gives AMD a GF Score of 82/100, with solid financial strength (8/10) and momentum (9/10) but a GF Value Rank of just 1/10. At $563.18, the shares trade 77.9% above the GF Value of $316.66, a "Significantly Overvalued" label, and at about 122 times earnings. That leaves little room for slips. The next test is whether NVIDIA's uncertainty turns into new Instinct and Helios orders that show up in AMD's guidance.
