New York, January 5, 2026, 10:26 EST — Regular session
- AMD shares were up about 0.8% in morning trade as semiconductor stocks advanced.
- CEO Lisa Su is set to deliver AMD’s CES keynote on Monday night, after Nvidia’s afternoon event.
- A record Foxconn quarter on AI demand kept investors focused on data-center spending signals.
Advanced Micro Devices (AMD) shares edged higher on Monday, tracking gains across chip stocks as investors positioned ahead of a pair of CES events featuring the CEOs of AMD and rival Nvidia.
The Consumer Electronics Show, which runs in Las Vegas from Jan. 6-9, often sets the tone for early-year product roadmaps in PCs and graphics, and has increasingly become a stage for companies to frame their artificial intelligence strategy. Reuters
That matters now because traders are looking for any read-through on demand for AI accelerators — specialized processors used to train and run AI models — and for signs of how quickly PC makers will lean into “AI PCs,” or laptops with dedicated chips for on-device AI features. AMD
A fresh data point from Asia added to the backdrop. Foxconn, the world’s largest contract electronics maker, reported record fourth-quarter revenue and said robust demand for AI server rack products — the modular stacks of computing hardware inside data centers — should support performance into the first quarter. Reuters
AMD was up about 0.8% at $225.16, while Nvidia rose 0.6% and Intel added about 1.0%. Semiconductor ETFs also gained, with the VanEck Semiconductor ETF up about 1.8%.
AMD said Su will deliver its CES keynote at 6:30 p.m. PT (9:30 p.m. ET), outlining the company’s vision for AI solutions “from cloud to enterprise, edge and devices.” AMD
Nvidia’s CES press conference is scheduled for 1:00 p.m. PT (4:00 p.m. ET), keeping attention on the competitive landscape in graphics processors and data-center platforms that increasingly anchor the AI trade. CES
Broader risk appetite helped as well. The tech-heavy Nasdaq-linked QQQ and the S&P 500’s SPY were both higher in morning trade, supporting the group.
Still, the downside case for AI-linked chipmakers has not gone away. “The costs are going up not down in our forecast, because there’s inflation in chip costs and inflation in power costs,” Morgan Stanley strategist Andrew Sheets said, pointing to pressures that can squeeze returns and cool investor enthusiasm if rate-cut hopes fade. Reuters
Beyond CES headlines, investors are also looking toward AMD’s next quarterly results, with Nasdaq’s earnings calendar pointing to Feb. 3 as the expected date, when guidance on data-center demand and margins is likely to drive the next bigger move. Nasdaq
