AMD shares fell 2.8% after OpenAI missed internal targets for users and revenue, sparking concerns about AI spending pullback

AMD (NASDAQ:AMD) stock declined 2.8% following a report that OpenAI missed internal targets for both new users and revenue, raising fears the AI firm could reduce heavy spending on data center infrastructure and chip demand.

The selloff was part of a broader semiconductor industry decline driven by concerns over future AI spending and rising U.S.-China geopolitical tensions over AI technology.

AMD is up 46% since the beginning of the year and trading at $326.32 per share, close to its 52-week high of $347.81 from April 2026; an investor who bought $1,000 of AMD shares 5 years ago would now hold an investment worth $3,884.