Why are Intel and AMD stocks plunging on Thursday?

Impact · against what's priced in

The news is largely noise for AMD and Intel as macro pressures offset modest fundamental updates. While the supply ramp and Terafab clarity provide some support, they primarily validate existing bull cases that the market is already discounting or treating with skepticism.

AMD+0.20

Challenges what's priced in

The price assumes

Total Data Center revenue more than doubling during 2027

The commitment to substantially increase AI chip supply in 2027 provides a concrete mechanism to achieve the revenue doubling that the market currently treats as a 50/50 proposition.

What AMD's price assumes · Sep 10

• AMD▲42%
• rates▲15%
• INTC▲5%
• treasury yields
• semiconductors
• oil
• inflation