AMD Schedules Virtual Annual Meeting May 13; Shares Drop 3.51% as $600 Target Emerges
AMD will hold its virtual annual meeting on May 13, with shareholders voting on 2026 Proxy Statement items via live webcast. On May 7, shares fell 3.51% after a sell rating flagged valuations above Nvidia’s, while Jim Cramer likened AMD’s AI run to Secretariat and charts target a $600 breakout.
1. Virtual Annual Meeting Details
AMD will host its annual meeting of stockholders on May 13, 2026 at 9 a.m. PT as a virtual event. Shareholders will vote on matters in the 2026 Proxy Statement, with real-time audio webcast available and replay access for up to one year.
2. Sell Rating Flags Valuation Risks
On May 7, analysts downgraded AMD to Sell, noting its P/E and PEG ratios now exceed Nvidia’s despite narrower margins. The report warned the stock’s recent gains may be overstretched and that fundamental and technical overbought signals justify caution.
3. Cramer Draws Secretariat Parallel
Jim Cramer likened AMD’s AI-driven momentum to Secretariat’s dominance, arguing that CEO Lisa Su’s execution could propel market share gains. He defended the company against valuation concerns and highlighted its expanding AI chip portfolio.
4. Technical Setup Targets $600 Breakout
Chart analysts are eyeing a breakout above $600, citing bullish patterns on daily and weekly timeframes. Support from AI and cryptocurrency computing demand underpins the technical outlook for further upside.