AMD falls 13% as AI regulation concerns hit chip stocks

Nov 5, 2026
AMD shares fell 13% despite record quarterly results, while Nvidia, Intel and Broadcom also declined amid concerns about tighter AI rules and delays to data center construction.

Shares in AMD fell 13% to $424.36 in morning trading on November 5, while NVIDIA dropped 7% to $186.81, according to 24/7 Wall St. Intel declined 8%, and Broadcom fell 6%.

The declines extended the previous day's selloff as investors priced in tighter AI rules after Democrats won both chambers of Congress in the November 3 midterms. Representative Yassamin Ansari called on November 4 for a pause on advanced AI development until adequate regulations are in place, and a Colorado legislative staff report noted that states have enacted legislation and executive orders on data centers over energy use, water and electricity costs.

AMD's decline followed record third quarter results. Revenue rose 44.7% from a year earlier to $13.38 billion, while Data Center revenue increased 97% to $8.55 billion. AMD expects about $17 billion in fourth quarter revenue and more than 80% revenue growth in 2027.

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