AMD -- along with the rest of the semiconductor sector -- has outperformed in 2025
Advanced Micro Devices Inc (NASDAQ:AMD) stock is down 0.9% to trade at $247.75, despite the chipmaker posting third-quarter earnings of $1.20 per share on $9.25 billion in revenue -- both of which beat estimates. The company also hiked its fourth-quarter guidance above expectations. Dragging sentiment is a combination of AI valuation concerns, and AMD's margin guidance only coming inline with estimates.
The equity enjoyed an impressive 23.7% bull gap on Oct. 6, after announcing a deal with ChatGPT maker OpenAI. This surge paved the way to AMD's Oct. 25 record high of $267.07, and the stock's now 103% year-to-date gain.
Puts have been more popular than usual over the last two weeks, per AMD's 10-day put/call volume ratio at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks higher than 91% of readings from the past year.
AMD also tends to outperform options traders' volatility expectations. This is per its Schaeffer's Volatility Scorecard (SVS) of 98 (out of 100).