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AMD's stock price is down nearly 5%.
Meta has committed to deploying 6 gigawatts of AMD GPUs in a newly expanded partnership.
KEY POINTS
- AMD will debut its next-generation Instinct MI400 series accelerators at the Advancing AI 2026 event in July.
- Recent insider sales by AMD's CTO were pre-planned under Rule 10b5-1, not reactionary to market moves.
- Options market shows heavy put interest at $300-$310 and call accumulation at $340-$370 ahead of the hardware event.
- Despite the selloff, institutional holdings in AMD remain strong, with significant net inflows over 24 months.
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