AMD Stock: $531.28 After Monday’s 2.8% Gain –…
By Tobi Opeyemi Amure
AI summary of the source article
AMD shares rose 2.80% to close at $531.28 on Monday amid a broader semiconductor sector rally tied to Anthropic's IPO filing. The company is scheduled to report third-quarter earnings on November 3 with revenue guided around $13 billion.
Why it matters
Anthropic's S-1 filing provided "the clearest public look yet at how fast AI revenue is growing at one of the largest buyers of compute."
Key facts
- AMD closed up 2.80% at $531.28 on Monday, recovering roughly half of a prior 8.1% drop.
- The Philadelphia Semiconductor Index gained 2.82% after Anthropic filed an S-1 for a Nasdaq listing reporting $16.29 billion in first-half revenue.
- AMD guided third-quarter revenue of $13 billion, plus or minus $300 million, with a 56% non-GAAP gross margin.
Source excerpt · FinanceFeeds
Updated 27 October 2026. AMD (NASDAQ: AMD) closed Monday at $531.28 , up $14.49 or 2.80 percent, in a range of $514.01 to $533.50 on about 16.7 million shares (Yahoo Finance; StockAnalysis), and traded near $535.50 after hours (Public.com). Verdict: Monday was a sector rally, not AMD news. The Philadelphia Semiconductor Index rose 2.82 percent as Anthropic's IPO filing revived the AI trade (Seoul…