Why Intel, AMD stocks are falling on Thursday?

Impact · against what's priced in

The current price action reflects a shift toward the bearish side of existing AI ROI debates, particularly for AMD and Intel, though the news largely confirms existing skepticism. The most novel risk is the 'circular financing' allegation involving Nvidia and Tesla, which introduces a new qualitative risk regarding the authenticity of AI demand.

AMD−0.40

Challenges what's priced in

The price assumes

Total Data Center revenue more than doubling during 2027