AMD reported strong fourth-quarter 2025 results in early February, featuring a 32% year-over-year increase in its data center segment. Despite these gains, the company’s stock experienced a significant decline.
Investor uncertainty as of February 9th centers on AMD’s ambitious and capital-intensive expansion into AI hardware. Markets are specifically scrutinizing the risks associated with the company’s evolving partnership with OpenAI.
AMD remains committed to a 2026 launch for its MI450 GPUs. However, investors are weighing this roadmap against OpenAI’s massive financial obligations and a perceived pullback in AI hardware investments by competitor Nvidia.
Institutional investors have reacted to the volatility with active trading. Cathie Wood’s ARK Invest recently increased its position, purchasing shares during the post-earnings dip.