NEW YORK, Feb 17, 2026, 10:32 AM EST — Regular session
- Advanced Micro Devices shares dropped roughly 4% early Tuesday, with the chipmaker caught in a broader pullback hitting tech stocks.
- AMD and Tata Consultancy Services plan to jointly create “Helios,” a rack-scale AI infrastructure design aimed at the Indian market.
- New 13F filings revealed AMD owned shares in Sanmina and Absci as of year-end 2025, slipping in a detail that could catch the eye of investors tracking the AI theme.
Shares of Advanced Micro Devices (AMD.O) slid roughly 4.2% to $198.53 in morning trading Tuesday, after dipping to a session low of $195.05 earlier.
Stocks slipped as nerves over the AI sector persisted. After the holiday, Wall Street’s main indexes opened in the red, burdened by ongoing concerns about AI-driven shakeups and intensifying competition in tech. Alibaba rolled out its Qwen 3.5 AI model Monday—an announcement Stash Graham, chief investment officer at Graham Capital Wealth Management, cited as a factor pressuring markets. Focus now turns to the personal consumption expenditures data due later this week, eyed for hints on the Fed’s next move on rates. 1
AMD shares took a sharper hit than other chip names. Nvidia slipped roughly 1.1%, Intel eased 0.7%, and U.S.-listed Taiwan Semiconductor shares declined about 1.6%. The Invesco QQQ, which tracks the Nasdaq, fell close to 0.8%, while the iShares Semiconductor ETF dropped about 1.4%.
AMD and Tata Consultancy Services on Monday announced they’re broadening their strategic partnership, aiming to jointly build a rack-scale AI infrastructure blueprint using AMD’s “Helios” platform. The design is set to back India’s AI development efforts, with plans to handle up to 200 megawatts of capacity. “AI adoption is accelerating from pilots to large-scale deployments,” AMD CEO Lisa Su said. TCS chief K. Krithivasan added that the deal “lays the foundation” for AMD’s first Helios-based AI infrastructure in India. 2
In a separate regulatory disclosure, AMD’s balance-sheet investments surfaced in a Form 13F filed Tuesday. The chipmaker listed just two U.S.-listed equity holdings as of Dec. 31, 2025: roughly $172.7 million worth of Sanmina shares and a $19.9 million stake in Absci. CFO Jean Hu signed off on the report, which details certain equity holdings each quarter. 3
The Sanmina stake stems from last year’s deal activity. In an annual report filed Feb. 4, AMD disclosed the sale of its data-center infrastructure manufacturing unit to Sanmina in October 2025, netting cash and about 1.2 million Sanmina shares. There’s also up to $450 million more possible in contingent cash, assuming certain milestones are achieved. 4
Absci marks another strategic bet for AMD outside its typical chip business. Back in January 2025, Absci announced AMD’s $20 million equity stake, tied to a plan to harness AMD’s chips and software in AI-powered drug discovery work. 5
Still, it’s risk appetite in the spotlight, not what’s happening on the corporate front. “The markets are … stress testing their business models” for how well they can handle AI shakeups, Axel Botte, head of market strategy at Ostrum Asset Management, said. Investors are still deciding if the slump in AI-related stocks is finished or not. 6
Next up: Nvidia’s numbers. The AI chip giant reports on Feb. 25, and investors are keyed in. The conference call kicks off at 2 p.m. PT. 7
