AMD stock price plunges by 13%, Nvidia drops by 6%
2026-11-06 00:03:52
According to CoinMeta, the stock price of AMD plummeted by 13.1% on November 5th, and the stock price of Nvidia fell by 6.3%, causing the post-election rebound on Wall Street to be wiped out. The Nasdaq Composite Index declined by 3.6%, and the S&P 500 Index fell by 2%. Concerns regarding AI data centers exacerbated this trend. Despite AMD recently announcing record financial results, with third-quarter revenue reaching $13.4 billion, a year-on-year increase of 45%, and data center revenue surging by 97% to $8.55 billion, investors' enthusiasm for rising stock prices quickly faded due to a re-evaluation of semiconductor valuations. Analysts pointed out that strong performance may not be sufficient to support the high valuations that investors had previously assigned to AI-related companies.
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Source:Coinpaper
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