AMD shares fell 3.25% to $206.64 in after-hours trading, tracking a broader NASDAQ decline as investors reassess the sustainability of massive AI infrastructure spending.
- The market slide was influenced by a projected $700 billion in AI spending for 2026, causing related stocks like Cisco to drop 11.6% on cost pressures.
- Despite a recent 17% drop due to high capital expenditures, analysts maintain a long-term growth projection of 348% with a target of $1,000/share.
- The stock closed the regular session at $213.58 before the broader tech sector volatility triggered the negative short-term sentiment.