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 sustainability. AMD, being an AI chip manufacturer, has likely taken a hit due to the growing concerns. Moreover, competition from China may have also led to investors divesting. China’s ChangXin Memory Technologies (CXMT) made one of the most significant debuts in recent history. The company may eat up market share from other competing brands.

What’s Next?

Despite its latest price dip, Wall Street analysts are still quite bullish on AMD. The company will reveal its quarterly earnings on August 4, 2026. Analysts are quite confident that the company will see record revenue and earnings per share. If the quarterly earnings report is as god as many expect, AMD’s stock price could see a rebound.

Also Read: AMD Stock Risks Falling Below $400: Buy More Or Sell?

AMD also revealed a host of new chips that it claims can outperform Nvidia. The launch may usher in a new phase for the company.