# The broader market remained constructive, with gains in the S&P 500, Nasdaq 100 and technology sector.

*semiconductor · news · 2026-05-01 · Benzinga*

## Key points

- Reports that OpenAI missed internal revenue and growth targets have increased AI sector spending concerns.
- An IDC white paper sponsored by AMD shows over 80% of firms are planning or deploying AI PCs.
- AMD's relative strength index is 79.26, indicating overbought conditions and risk of quick profit-taking.
- Recent analyst price targets for AMD range widely, from $260 to $375, reflecting increased volatility.
- AMD holds significant ETF exposure, making its price sensitive to large fund inflows or outflows.

**Companies:** Advanced Micro Devices
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/markets/tech/26/05/52214675/what-is-going-on-with-amd-stock-on-friday-2)

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