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PTAB-TRIAL ·Filed Oct 21, 2026

AMD

ADVANCED MICRO DEVICES INC
NEUTRAL
Impact 3/10
Horizonmonths Processed6d 1h ago PTABPTAB Decision · ptacts.uspto.gov
PTAB institution decision (instituted)
Actionable Insight • Neutral

Monitor the final written decision expected within a year. The patent's subject matter (analytics, algorithm architecture, data processing) is broad — any impact on AMD would depend on whether the patent is tied to specific AMD products, which the decision does not state.

DirectionNeutral
Confidencehigh
Horizonmonths
Latest settled — T+1d ⚠ clustered
AMD ▲ +1.74% at T+1d
NEUTRAL call +1.74% · α vs SPY +2.27% · entry $507.93 → $516.79
Next anchor: T+5d in 2d
Entry = T+0 close
Oct 22, 2026
via day close
T+1d
+1.74%
call +1.74% · α +2.27%
$516.79
settled 4d ago
T+5d
Pending
in 2d
T+20d
Pending
in 23d
T+60d
Pending
in 3mo

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Executive Summary

The PTAB granted institution of inter partes review in IPR2026-00358, allowing AMD to proceed with its challenge to Fermat International's patent covering analytics and data processing system architecture. This is an interlocutory ruling — no claims have been cancelled yet, and a final written decision is expected within about a year.

PTAB Trial Details

Proceeding
IPR2026-00358
Proceeding Type
IPR — inter partes review
Decision
Trial instituted
Company Role
Petitioner
Outcome for Patent Owner
Pending — trial to come
Patent
U.S. 11,886,750
Patent Covers
Analytics, Algorithm Architecture, and Data Processing System and Method
Next Step
Final written decision due within approximately 12 months; scheduling order to follow.

Key Facts

  • PTAB instituted IPR trial on U.S. Patent 11,886,750 owned by Fermat International, Inc.
  • AMD is the petitioner challenging the patent's validity.
  • Institution granted means the Board found a reasonable likelihood AMD would prevail on at least one challenged claim.
  • No claims have been cancelled — this is an interlocutory decision.
  • A final written decision is due within approximately 12 months.

Financial Impact

No financial figures stated in the decision. The patent covers analytics and data processing system architecture; no specific AMD products or revenue lines are tied to it in the decision.

Risk Factors

  • If the final decision cancels claims, Fermat may appeal to the Federal Circuit, extending uncertainty.
  • If the patent survives, AMD could face infringement exposure, but the decision does not quantify any potential damages or licensing costs.

Investment Themes

Documents Analyzed

This report is based on 1 PTAB decision.

DocumentAccession Number
PTAB-TRIAL Data (Synthetic)ptab-IPR2026-00358-ins-AMD
39 reports for AMD
Performance horizon
71% Hit rate @ T+60 5 of 7 directional calls Went positive at some point 11 of 15 best @ T+60▲ +44.80%Apr 24, 2026
Filters
Rows
Reports for AMD — sortable, filterable
TypeNow
Oct 22, 2026
4d ago
Institutional Cluster
MIXED ★ 3/10
$516.79awaiting T+60—$531.28 (+2.80%)
Oct 21, 2026
6d ago
PTAB Trial
NEUTRAL ★ 3/10
$507.93awaiting T+60—$531.28 (+4.60%)
Oct 20, 2026
7d ago
PTAB Trial
BULLISH ★ 5/10
$552.72awaiting T+60—$531.28 (−3.88%)
Oct 19, 2026
8d ago
PTAB Trial
NEUTRAL ★ 2/10
$534.74awaiting T+60—$531.28 (−0.65%)
Oct 19, 2026
8d ago
PTAB Trial
NEUTRAL ★ 2/10
$534.74awaiting T+60—$531.28 (−0.65%)
Sep 28, 2026
28d ago
Press Release
BULLISH ★ 7/10
$607.57awaiting T+60—$531.28 (−12.56%)
Sep 17, 2026
5w ago
Insider Cluster
NEUTRAL ★ 2/10
$559.82awaiting T+60—$531.28 (−5.10%)
Aug 27, 2026
8w ago
Insider Cluster
BEARISH ★ 4/10
$465.58awaiting T+60—$531.28 (−14.11%)
Aug 26, 2026
8w ago
Insider Cluster
NEUTRAL ★ 4/10
$476.67awaiting T+60—$531.28 (+11.46%)
Aug 21, 2026
9w ago
ANALYST-UPGRADE
MIXED ★ 2/10
$473.25awaiting T+60—$531.28 (+12.26%)
Showing 10 of 39

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⚖ PTAB Decision · ptacts.uspto.gov Report published Oct 21, 2026