AMD stock experienced a notable decline on Friday, dropping as much as 6% before recovering to around 3%, following rumors of potential delays in the launch of its next-generation MI450-series AI accelerators. SemiAnalysis reported that the MI450-series was behind schedule, triggering a sell-off among investors. However, analysts quickly disputed these claims, suggesting that AMD's development timeline remains intact.

Wells Fargo analyst Aaron Rakers countered the delay rumors, stating that AMD's progress on TSMC's N2 (2nm) process technology is on track. Rakers pointed out that AMD has already completed tape-out and shipped samples of the Venice EPYC processor, which uses the same process node as the upcoming MI450-series. This development is crucial for AMD's strategy in the AI accelerator market, where the N2 process is essential for competitive performance.

Despite Friday’s stock decline, Rakers maintained a bullish outlook on AMD, viewing the weakness as a buying opportunity. The analyst expects AMD to report server revenue exceeding $38 billion and anticipates the company's path toward achieving more than $35 billion in data center GPU revenue by 2027. The upcoming earnings report next week is expected to reaffirm confidence in the MI450-series launch timeline, with volume production slated for the second half of 2026.