AMD is trading at 7.5% down now at $198.90 after a significant drop in pre-market and early trading on November 25, 2025. The decline follows AMD's analyst day event, where the company outlined its AI chip and systems plans, including the upcoming MI400 series launch in 2026 and a new server rack product. Despite recent strong earnings and guidance, investor concerns about future growth and competition with Nvidia in the AI data center market have weighed on sentiment. The stock had previously rallied on November 24, but the analyst day failed to provide the bullish catalysts some investors expected, leading to profit-taking and a sharp reversal.