AMD stock falls on MI450-series delay rumors

Investing.com -- Advanced Micro Devices (NASDAQ: AMD) stock declined Friday, falling as much as 6% before paring losses to around 3%, following reports that the company’s next-generation MI450-series AI accelerators might face delays.

The downward pressure came after SemiAnalysis reportedly claimed AMD’s MI450-series chips were behind schedule. However, Wells Fargo analyst Aaron Rakers quickly countered these assertions, suggesting the claims were unfounded based on his team’s research.

According to Rakers, AMD’s development on TSMC’s N2 (2nm) process technology remains on track, with the company having already completed tape-out and shipped Venice EPYC processor samples that use the same process node as the upcoming MI450-series. The N2 process is crucial for AMD’s next-generation AI accelerators.

Wells Fargo expects AMD to reaffirm its confidence in the MI450-series launch timeline during the company’s upcoming earnings report next week. The chipmaker has previously indicated that volume production would commence in the second half of 2026, with significant shipments weighted toward the fourth quarter of that year to customers including OpenAI and Oracle.

Despite Friday’s stock decline, Rakers maintained a bullish stance on AMD, suggesting investors view the weakness as a buying opportunity. The analyst anticipates AMD will report server revenue exceeding $38 billion and remains focused on the company’s path toward achieving more than $35 billion in data center GPU revenue by 2027.

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