Why did AMD stock fall after beating earnings?

The selloff reflects positioning and risk, not just results. While AMD posted EPS of $1.53 on $10.3B and guided Q1 to $9.5–$10.1B, the stock already priced in strong AI growth. Tight high‑bandwidth memory supply could cap deliveries. The valuation is rich at a 126.1 PE and about 12.29 times sales. Traders want proof of sustained margins and on‑time accelerator shipments before paying more.

Is AMD stock attractive for Swiss investors right now?

It can be, if you accept volatility and USD exposure. The AI data center engine delivered $5.4B in Q4 and guidance topped the Street, which supports growth. Use staged entries to manage swings, since ATR is 9.13 and ADX signals no clear trend. Consider Swiss stamp duty on foreign stocks and FX. Watch the 50‑day average around $221.57 as a practical technical reference.

What stood out in AMD Q4 earnings and outlook?

Two points. First, execution in data center, with $5.4B revenue and a mix that offsets uneven PC and gaming demand. Second, Q1 revenue guidance of $9.5–$10.1B exceeded the Street near $9.4B, implying continued AI strength. The market, however, is watching memory availability and capex discipline. Delivery cadence and gross margin stability will likely drive the next leg for AMD stock.

What risks should I watch, including memory supply shortage?

High‑bandwidth memory remains tight, which can delay accelerator shipments. Customer capex pacing is another factor, since cloud buyers balance ROI with spend. Valuation risk is real at a 126.1 PE, so small misses can move the stock. FX matters for Swiss investors, because shares trade in USD. Also monitor PC and gaming demand, which could remain uneven and affect overall mix.

Global Market Insights

AMD Stock Today: February 04 – Q4 Beat, AI Outlook; Shares Fall

ByHuzaifa Zahoor February 4, 2026February 4, 2026

AMD stock fell today even after AMD beat Q4 estimates and guided Q1 above consensus. The chipmaker posted EPS of $1.53 on $10.3B revenue, led by $5.4B in data center sales. Management guided Q1 revenue to $9.5–$10.1B versus the Street near $9.4B. Traders focused on tight high‑bandwidth memory supply and heavy AI capital needs. For Swiss investors, the setup is about balancing strong AI momentum with valuation and execution risks in a USD‑listed name.