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flag AMD shares fell 6.1% on Friday due to AI chip delay fears, despite strong fundamentals and analyst optimism.

flag AMD shares dropped 6.1% to $236.73 on Friday amid reports of potential delays to its MI-series AI accelerators, sparking near-term investor concern despite strong fundamentals. flag The decline followed a broader market sell-off, with the Nasdaq and S&P 500 also falling. flag Analysts remain optimistic, with a "Moderate Buy" consensus and average price targets near $281, citing robust AI and data center growth, Microsoft’s continued chip purchases, and strong Q3 earnings. flag However, high valuation metrics and profit-taking contributed to the pullback, with the stock trading above key moving averages and showing elevated volatility.

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