NEW YORK, Jan 8, 2026, 06:20 EST — Premarket
- AMD set Feb. 3 for fourth-quarter and full-year results after the close.
- U.S. stock futures dipped ahead of Friday’s nonfarm payrolls report.
- Chip shares have swung this week as traders chase — and fade — AI-linked names.
Shares of Advanced Micro Devices fell about 2% in premarket trading on Thursday after the chipmaker said it will report fourth-quarter and full-year 2025 results on Feb. 3, with investors positioning for a busy stretch of economic data and earnings. AMD was down $4.35 at $210.02, versus a prior close of about $214.37. AMD
The timing matters because AMD’s update effectively puts a date on the next big test for a stock that has become a proxy for demand in high-end chips used in data centers and AI systems. Broadly, futures were lower, with investors cautious ahead of Friday’s U.S. jobs report; “a move towards more government intervention would create uncertainty and add to some risk premium in the markets,” said Mohit Kumar, an economist at Jefferies. Reuters
The stock’s dip comes as traders rotate through large-cap tech after a choppy start to 2026. “Investors have come into 2026 with a similar playbook to last year: Buy tech and forget about it,” Jake Dollarhide, chief executive officer of Longbow Asset Management, said after Wednesday’s session. Reuters
Chip shares have been a main driver of that push and pull. Wall Street rallied on Tuesday as renewed AI optimism lifted the broader market, with a jump in memory and storage-related stocks after Nvidia CEO Jensen Huang spoke at CES in Las Vegas. Reuters
Trade policy has also kept the sector on edge. China has asked some domestic tech companies to halt orders for Nvidia’s H200 AI chips, The Information reported on Wednesday, highlighting the uncertainty around U.S.-China technology restrictions and how quickly rules can shift. Reuters
Beyond earnings, AMD has also flagged a near-term appearance on the investor calendar: Chief Technology Officer Mark Papermaster is scheduled to present at the Morgan Stanley Technology, Media & Telecom Conference on March 3, according to the company’s events listing. Advanced Micro Devices, Inc.
Still, the downside case is straightforward. If upcoming economic data pushes bond yields higher or dents risk appetite, high-multiple chip stocks can come under pressure quickly, and any sign of slowing AI-related orders would likely hit sentiment across the group.
For now, attention turns to Thursday’s U.S. jobless claims and Friday’s nonfarm payrolls report, with AMD’s Feb. 3 results the next company-specific catalyst for the stock. Apnews
