AMD Stock Slides After Poor Earnings By SK Hynix: What Next?
Advanced Micro Devices, Inc. (AMD) stock prices fell on July 29, 2026, closing 5.51% (25.06 points) lower. AMD’s stock price dip came after South Korean memory chip manufacturer SK Hynix revealed a poorer than expected earnings report. Let’s discuss why South Korean memory chip maker’s report is causing a sector-wide dip and what is next for AMD.
How Is SK Hynix Causing AMD’s Stock Price To Dip?
AMD is a leading figure in the GPU (Graphics Processing Unit) and CPU (Central Processing Unit) market. However, the company relies on other manufacturers to provide memory units. This is where SK Hynix comes in. Both companies have a long history of collaboration. The South Korean chip manufacturer is, in fact, the largest memory chip provider in the world. Given their interdependence, it is not surprising that AMD stock prices took a hit after a poor earnings report from the memory chip manufacturer.
SK Hynix’s poor report also highlights growing concerns about AI demand sustainab
