Why did AMD stock fall after the earnings report?

Shares slipped because Q1 revenue guidance of US$9.8 billion (+/− US$300 million) signals a sequential dip and a slower near-term AI GPU ramp, even after a Q4 beat. Analysts also flagged a narrow AI customer base, which tempers hopes for a rapid inflection until second-half products scale.

Is the AI story for AMD broken or just delayed?

It looks delayed, not broken. Data centre revenue rose 39%, and second-half catalysts like Helios and MI450 remain in view. The market wants proof of broader customer adoption and steadier GPU shipments. If those build through 2026, the thesis holds, but near-term estimates may stay conservative.

How should UK investors think about AMD earnings today?

Treat the selloff as a repricing of timing risk. Focus on AI order breadth, delivery cadence, and software readiness. Manage GBP-USD exposure and consider staged entries. Using limit orders during volatile sessions and reviewing position size against your risk budget can help reduce earnings-related drawdowns.

Is AMD stock a buy after the drop?

It depends on time horizon and risk appetite. Valuation is still demanding, but long-term AI catalysts remain. Momentum may stabilise if price reclaims the Bollinger middle band and guidance firms in Q2. Long-only investors might scale in slowly, while traders may wait for a higher-low setup.

What technical levels matter in the short term?

Watch 206–201 as an area of support and 218–228 as near resistance. RSI near 47 is neutral, and ADX at 14 shows no strong trend. A daily close above the 214–215 region could signal improving momentum, while a break below 201 would warn of further downside.

Global Market Insights

AMD Stock Today: February 4 – Q4 Beat, Soft AI Guide Sinks Shares

ByHuzaifa Zahoor February 4, 2026February 4, 2026

AMD stock dropped after-hours as AMD beat Q4 expectations but guided Q1 revenue to US$9.8 billion (+/− US$300 million), signalling a sequential dip. Data centre sales rose 39%, helped by a one-time China MI308 boost. Still, a slower near-term AI chips ramp weighed on sentiment. For UK investors, the move affects portfolio exposure to US tech and FX. We break down AMD earnings, the AI roadmap, and what today’s AMD share price action means.