New York, January 7, 2026, 14:34 (EST) — Regular session
- AMD shares fell about 2.4% in afternoon trading, underperforming a mixed chip tape.
- Investors are weighing AMD’s CES AI-chip and PC launches against a tight runway into earnings.
- AMD is scheduled to report fiscal fourth-quarter and full-year 2025 results on Feb. 3 after the close.
Advanced Micro Devices shares were down 2.4% at $209.26 in afternoon trading on Wednesday, after touching a session low of $207.23. Nvidia was up about 1.3% and Intel jumped roughly 7.0%, while broad semiconductor ETFs were modestly lower.
The move comes a day after AMD used the CES show in Las Vegas to highlight new AI hardware, including MI455 processors for server racks and an enterprise-focused MI440X designed for on‑premise deployments. CEO Lisa Su also previewed the MI500 line, which AMD said would launch in 2027, as the company tries to carve out share in an AI accelerator market still led by Nvidia.
Why it matters now: AMD set a hard near-term waypoint on Tuesday, saying it will report fiscal fourth-quarter and full-year 2025 financial results on Feb. 3 after the market close, with a conference call at 5 p.m. EST. The stock’s next clear catalyst is guidance — investors want to hear what chip shipments and margins look like as AI racks ramp and PC demand resets for 2026.
On the client side, AMD is leaning on new Ryzen AI 400 and Ryzen AI PRO 400 chips it says can deliver up to 60 TOPS — “trillions of operations per second,” a standard way to measure AI processing throughput — from the built-in neural processing unit. “The PC is being redefined by AI, and AMD is leading that transformation,” Jack Huynh, who runs AMD’s computing and graphics group, said in a CES release. Advanced Micro Devices, Inc.
The broader tape has stayed supportive for megacap tech, but traders are skittish around the next data prints. On Wednesday, the S&P 500 and Nasdaq were up as investors digested softer labor signals and looked ahead to Friday’s U.S. nonfarm payrolls report; “The economic news sort of fueled a little bit of profit taking,” Dakota Wealth’s Robert Pavlik said. Reuters
For the AMD stock forecast, Wall Street targets still point higher over a 12‑month horizon, even if the stock is choppy into earnings. MarketBeat data shows an average price target of $277.06, with published targets ranging from $140 to $380.
Competition is not letting up. Intel used CES to launch its Panther Lake laptop chip and said the new Core Ultra Series 3 line would deliver 60% better performance than its prior generation, part of a push to regain PC share it has lost to AMD.
But the setup cuts both ways. Any stumble in execution — slower AI-rack deployments, tougher pricing, or guidance that fails to clear a high bar after CES — can hit the stock quickly, especially if macro data forces markets to rethink the pace of Federal Reserve rate cuts.
What investors watch next is Friday’s U.S. payrolls report for the tone in high-growth tech, and then AMD’s Feb. 3 results after the close for the company’s next set of numbers and its 2026 outlook.
