AMD stock could move by an estimated 6.8% when Advanced Micro Devices reports its third-quarter results on November 3, according to options data compiled by Bloomberg. The chipmaker is scheduled to publish its earnings after the US stock market closes.

Expected Move Signals Earnings Volatility

The options-based estimate points to the size of a possible price change in either direction around the earnings date rather than to whether shares will ultimately rise or fall. Actual reactions have varied widely across previous earnings announcements, and the estimate itself can still change before the report is released. Historical reactions have sometimes been far larger than the options market anticipated.

AMD shares exceeded their expected moves in just two of the past eight earnings reports. In May, the stock gained 25.9% against an expected move of 7%. In February, it fell 20.3%, compared with an expected change of 6.1%. In August, shares lost 2.6%, below the 7.8% estimate, and they slipped 1.3% after the November 2025 report versus a 6.5% estimate.

AMD Commits $1 Billion to Meta Share Offering

On Tuesday, AMD said it would invest $1 billion in Meta's share offering, deepening the AI partnership between the chipmaker and the social media company. The announcement follows Meta's plans to raise up to $95 billion for AI expansion, including an initial offering of common and preferred shares, as Meta looks to fund additional computing capacity for its AI operations. With the commitment, AMD is both a supplier to Meta and a direct investor in the offering backing that expansion.

AMD and Meta have also widened a partnership covering processors, graphics chips, networking, and software. The companies are working on systems for training AI models and for running services used across Meta's platforms, and both are expanding their collaboration across AI training, networking, software, and computing systems. An earlier agreement between the two companies separately covers six gigawatts of graphics processors.

Helios Systems Undergoing Testing at Meta

AMD said its first Helios rack-scale systems have been installed at Meta and are undergoing testing before any broader rollout. The company's EPYC processors already support Meta's Muse AI assistant, while Instinct graphics chips handle other computing tasks. Meta already uses millions of EPYC processors, and the partnership includes software support for Muse Spark Open and Muse Glimmer. AMD and Meta are also improving shared AI software.

The announcements came as Nvidia shares gained amid new AI infrastructure financing, with technology companies across the industry announcing fresh spending and equipment agreements this week.

Suppliers Report Stronger Equipment Demand

Other suppliers are also reporting stronger demand for computing equipment. Celestica's third-quarter revenue rose 83% to $5.83 billion, according to results the company released on Monday, driven by an increase in cloud infrastructure sales. Those figures cover a separate business and do not predict how AMD will perform, but they add to the recent stream of announcements pointing to heavier spending on AI computing capacity across the industry.

AMD's November earnings report is expected to provide updated figures for its chip businesses and management's latest outlook.