AMD and Nvidia Shares Fall as AI Chip Demand Grows

Key Takeaways

• In a 20% monthly decline for the PHLX Semiconductor Sector index, AMD fell 15% and Nvidia 26%; AMD’s Q3 data-center revenue grew 97% to $8.5 billion.
• Nvidia is shipping Vera Rubin systems and expects them to make up 20% of data-center revenue in fiscal Q3 2027; Silicon Analysts estimates it will hold 75% of the AI chip market by end-2026.
• AMD reported $34.6 billion in fiscal 2025 revenue and has partnerships with Microsoft, Meta and OpenAI, including an agreement for OpenAI to deploy Instinct MI450 accelerators.
• Marvell reported $8.2 billion in revenue for its fiscal year ended Jan. 31, 2026, acquired Celestial AI and agreed to acquire Lumentum; articles cite its lower valuation but flag customer, foundry and competition risks.
• Nvidia reported $215.9 billion in revenue for fiscal 2026, while memory supplier SK Hynix reported $72.6 billion for 2025; Amazon and Microsoft are developing their own chips.
• Anthropic filed for an IPO with an expected $70–$78 share range and a target raise of up to $64.4 billion; its filing warns that models could act harmfully or unintentionally.
• OpenAI investigated a 17-minute call in which Russian pranksters posed as Ukrainian officials and spoke with three national-security staff about military AI; the company says it acted to prevent similar incidents.
• Voters in 10 states backed data-center limits or rejected projects; 40 of 41 ballot measures tracked by Redbud Consulting sought restrictions.
• Clean Max plans nearly $5.3 billion in renewable energy and storage projects to support an AI facility in Andhra Pradesh, with a state agreement covering 3 GW of wind and solar and 1 GW of pumped hydro.
• Hasbro’s Sixth Wall is developing licensed audio characters with voice-actor compensation and safety rules; Hong Kong’s AI association issued a 209-page guide emphasizing accountability for AI agents and use cases.
• Deloitte acquired Edisyl, retaining its 24 employees; restaurant AI startup Kutlerri.ai raised $4 million, while Alsona sells AI-assisted prospecting plans for $99, $149 and $499 per month.

AMD and Marvell offer different paths into AI hardware

Advanced Micro Devices (AMD) makes processors and AI-focused graphics chips, while Marvell Technology builds custom chips and connectivity products for data centers. AMD reported $34.6 billion in revenue and $4.3 billion in net income for the fiscal year ended Dec. 27, 2025, and has partnerships with Microsoft, Meta Platforms and OpenAI. Marvell reported $8.2 billion in revenue and $2.7 billion in net income for the year ended Jan. 31, 2026. AMD faces competition from Intel and Nvidia and relies on a limited number of manufacturing partners. Marvell faces customer concentration, foundry and competition risks, while the article says its shares offer better value than AMD’s.

Nvidia and SK Hynix bring different strengths to the AI chip market

Nvidia leads in GPU-based computing, while SK Hynix supplies memory products such as DRAM and NAND flash for AI and data storage. Nvidia reported about $215.9 billion in revenue and $120.1 billion in net income for the fiscal year ended Jan. 25, 2026. SK Hynix reported about $72.6 billion in revenue and $32.1 billion in net income for the year ended Dec. 31, 2025. Nvidia faces competition from Amazon and Microsoft, which are developing their own chips. The article also notes allegations about a relationship between Nvidia’s CEO and a Chinese spy, which may affect its regulatory environment.

Marvell may offer better value than AMD for AI investors

AMD makes CPUs and AI-focused GPUs, while Marvell designs custom chips and connectivity products for data centers and communications networks. AMD has partnerships with Microsoft, Meta Platforms and OpenAI, and reported $34.6 billion in revenue for the fiscal year ended Dec. 27, 2025. Marvell reported $8.2 billion in revenue for the year ended Jan. 31, 2026, and expanded its business through the acquisition of Celestial AI and an agreement to acquire Lumentum Holdings. AMD faces competition from Intel and Nvidia, while Marvell faces risks from customer concentration, reliance on foundries and cloud providers developing their own chips. The article says Marvell’s valuation is lower and describes it as the better value.

Nvidia and AMD face a sharp AI chip sell-off as growth continues

The PHLX Semiconductor Sector index fell 20% over the past month, while AMD shares dropped 15% and Nvidia shares fell 26%. Silicon Analysts estimates Nvidia will control 75% of the AI chip market by the end of 2026. Nvidia has started shipping its Vera Rubin systems in volume and expects the platform to make up 20% of data center revenue in the third quarter of fiscal 2027. AMD’s data center revenue rose 97% year over year in Q3 to $8.5 billion, and the company expects total revenue to grow by more than 80% next year. The article compares their growth and valuations to assess which stock may be more attractive.

Nvidia valuation gives it an edge over AMD after chip sell-off

Nvidia and AMD shares fell during a broad AI chip sell-off, with the PHLX Semiconductor Sector index down 20% over the past month. AMD shares dropped 15%, while Nvidia fell 26%. Silicon Analysts estimates Nvidia will hold 75% of the AI chip market by the end of 2026, while AMD’s data center revenue grew 97% year over year in Q3 to $8.5 billion. Both companies are expected to deliver strong earnings growth in 2027, but the article says Nvidia’s lower valuation gives it an advantage. Nvidia’s median 12-month price target of $318 suggests a possible 88% gain, compared with AMD’s projected 26%.

Nvidia and AMD face off as AI chip shares fall

Nvidia and Advanced Micro Devices shares fell over the past month as the PHLX Semiconductor Sector index dropped 20%. Nvidia fell 26%, while AMD fell 15%. Both companies are growing, and the article compares their outlook for 2027. Nvidia remains the leading AI chip maker and is shipping Vera Rubin systems, while AMD reported 97% year over year growth in data center revenue to $8.5 billion in Q3.

AMD and Marvell compete for AI chip investment

Advanced Micro Devices and Marvell Technology serve different parts of the growing AI and data center market. AMD makes processors and AI accelerators, and recently reached a multiyear agreement with OpenAI to deploy its Instinct MI450 accelerators. Marvell designs custom chips and storage controllers and has acquired Celestial AI and agreed to buy Lumentum Holdings. AMD reported $34.6 billion in revenue for the fiscal year ended Dec. 27, 2025, while Marvell reported $8.2 billion for the year ended Jan. 31, 2026. Both face risks, including competition, supply chain limits and dependence on major customers.

Anthropic prepares a major IPO as AI stocks face uncertainty

Anthropic set an expected IPO price range of $70 to $78 US per share in a U.S. regulatory filing. The San Francisco based AI company aims to raise up to $64.4 billion US, and investors expect it to begin trading on the Nasdaq in November. Anthropic began as an AI research lab in 2021 and is now a leading maker of generative AI models, including Claude. Its filing listed many risks, including the possibility that its models could act in harmful or unintended ways.

Nvidia leadership shakeup raises questions for AI investment

Technology industry leaders are weighing the possible effects of Nvidia CEO Jensen Huang’s reported exit on the AI industry. Nvidia makes leading GPU chips and has helped finance many other companies, while Huang has been a prominent supporter of AI investment. The article says uncertainty remains about whether the pace and scale of AI spending can continue. Anthropic is preparing an IPO that could raise more than $60 billion and value the company above $1.4 trillion, while Nvidia CFO Coleen Kress is serving as interim CEO.

Russian pranksters trick OpenAI security leaders in Ukraine call

Russian prank duo Vovan and Lexus posed as Ukrainian officials and held a 17 minute video call with three OpenAI national security staff members. The call included Sasha Baker, Caroline Zier and Ben Crampton, and covered possible military AI services for Ukraine. Crampton said OpenAI wanted a deep relationship with Ukraine, while Baker described reluctance inside the company to use its technology for offensive military purposes. OpenAI spokesperson Nate Evans said the company investigated, determined the call was a prank and acted to prevent similar incidents.

Russian pranksters fool three OpenAI officials in call about military AI

Russian pranksters Vovan and Lexus posed as Ukraine intelligence chief Rustem Umerov and held a 17 minute video call with three senior OpenAI officials. The November 11, 2026 report by The Intercept said they discussed possible military cooperation with Ukraine and AI use in offensive operations. The officials were Sasha Baker, Caroline Zier and Ben Crampton. OpenAI confirmed the call was a prank, investigated it and said it had taken steps to prevent similar security breaches. The discussion also mentioned OpenAI’s Daybreak Blue AI model, which analyzes and patches computer vulnerabilities.

Voters reject data center plans in 10 states, raising risks for AI expansion

Voters in 10 states backed limits on data center development or rejected proposals to build facilities, according to Reuters. Redbud Consulting tracked 41 ballot measures, and 40 sought to restrict data centers. The results could increase political pressure for tighter oversight, making construction more difficult, raising costs and delaying expansion. Investors are also concerned that restrictions could affect spending on AI infrastructure, including GPUs and servers. Over the past month, shares of Nebius Group, IREN, CoreWeave, Applied Digital and Nvidia fell by 26.26%, 40.11%, 24.28%, 22.97% and 23.24%, respectively.

Hasbro’s Sixth Wall builds AI characters with voice actor pay and safety rules

Sixth Wall, Hasbro’s AI business, is developing Character.OS to let people interact with licensed characters through audio. The system stores each character’s story, personality and rules to keep conversations safe and true to the character. Sixth Wall worked with voice actors to record new performances and created contracts that pay them for the recordings and ongoing use of their rights. The company has tested ideas including an AI Ouija board and Trivial Pursuit Infinite, and has more than a dozen characters available for licensing as AI conversationalists. It is starting with audio and hopes to add visual avatars later.

Hong Kong association publishes guide for responsible AI use

The Artificial Intelligence Association of Hong Kong has released a 209 page guide on responsible AI use by companies and institutions. The cross industry group says organizations should set rules for autonomous AI agents and name a senior executive accountable for AI initiatives. It also recommends appointing specific owners for individual AI use cases to strengthen accountability. The guidelines were released on Thursday.

Deloitte buys Edisyl, Flipside’s AI data business

Deloitte’s D71 Ventures unit acquired Edisyl, the remaining AI business of Boston company Flipside Crypto. Edisyl organizes company data, definitions and policies so AI apps can provide accurate information and summaries. Former Flipside CEO Dave Balter said Deloitte recognized the value of the business, and the deal’s terms were not disclosed. Edisyl will continue operating within Deloitte, with all 24 current employees. Flipside, which raised $67 million from venture and crypto investors, shifted its focus from crypto and blockchain analysis toward AI over the past year.

Kutlerri.ai raises $4M to boost restaurant sales with AI agents

Founded in December 2025 by former HighRadius executives Kiran Rana and Payal Tripathy, Kutlerri.ai raised $4 million to help US restaurants increase revenue and cut costs. The company has more than 10 signed customers, and its product and engineering team is based in Bhubaneswar, Odisha, with an office in Houston, Texas. The funding will expand its AI Catering Sales Agent, bring three agents now in beta to market, and support a mobile-first self-service app. Developed with Washington, DC-area restaurant group RASA, the catering agent reportedly generated $450,000 in new revenue over 10 months, more than 10 times the service fee, without added hires. The company says the agent is now available to operators in most major US cities, and restaurants pay a share of extra revenue or savings only when results are measurable.

Alsona uses buying signals to automate personalized sales outreach

Alsona is an outbound sales platform that uses AI to track more than 30 buying signals, such as hiring, funding, technology changes, and public engagement. It matches those signals to a company’s ideal customer profile, scores prospects for intent and fit, and helps users contact them by email and LinkedIn. Businesses can set agents to work with different levels of human approval or run on autopilot, with replies gathered in one inbox. The platform also offers CRM syncing, A/B testing, agency tools, and controls for email safety and deliverability. Its monthly plans cost $99, $149, or $499, each with a seven-day free trial and no long-term contract.

Clean Max plans $5.3 billion energy project for Indian AI facility

Clean Max Enviro Energy Solutions plans to invest nearly 500 billion rupees, or about $5.3 billion, in renewable energy and storage projects to power a 2-gigawatt AI computing facility in Andhra Pradesh. The company signed an agreement with the state to develop 3 GW of wind and solar power and 1 GW of pumped hydro storage over five years. The projects will supply power to a facility in Kurnool district being developed with Blackstone-backed AI cloud provider Neysa, which will provide 1 GW of computing capacity. Clean Max plans to build the projects in stages, with at least 1.5 GW of renewable capacity proposed by 2029. Data center and AI infrastructure customers made up 41% of Clean Max’s contracted renewable power sales portfolio as of September.

Sources

• Advanced Micro Devices vs. Marvell Technology: Which Artificial Intelligence Stock Is a Better Buy Going into 2027?
• Nvidia vs. SK Hynix: Which AI Chip Stock Is a Better Buy for 2027?
• Advanced Micro Devices vs. Marvell Technology: Which Artificial Intelligence Stock Is a Better Buy Going into 2027?
• Nvidia vs. AMD: Which Is the Better Artificial Intelligence (AI) Stock for 2027 After the Tech Sell-Off?
• Nvidia vs. AMD: Which Is the Better Artificial Intelligence (AI) Stock for 2027 After the Tech Sell-Off?
• Nvidia vs. AMD: Which Is the Better Artificial Intelligence (AI) Stock for 2027 After the Tech Sell-Off?
• Advanced Micro Devices vs. Marvell Technology: Which Artificial Intelligence Stock Is a Better Buy Going into 2027?
• Anthropic IPO to test the first 'pure play' AI stock in a choppy market
• Nvidia’s Jensen Huang was the Jenga piece to a towering multi-trillion AI industry. Will his exit set off a chain reaction?
• Russian Pranksters Got OpenAI’s Top National Security Officials to Open Up About Ukraine
• Russian pranksters trick 3 senior OpenAI officials in 17-minute call posing as Ukraine intel chief
• Voters Rejected Data Centers In 10 States, Raising Regulatory Risk for CoreWeave, Nvidia and AI Build-Out -…
• Hasbro Is Using AI to Bring Characters to Life - With Limits
• Cross-industry association in Hong Kong issues guide on responsible AI use
• Flipside's Edisyl AI business sold to Deloitte
• Kutlerri.ai raises $4M to help US restaurants grow revenue and cut costs using AI agents
• Alsona intent-based outbound sales platform
• India's Clean Max plans $5.3 billion clean energy investment to power AI computing facility