NEW YORK, Jan 8, 2026, 16:41 EST — After-hours
- AMD fell about 2.5% after hours, extending a pullback in AI-linked chip stocks.
- Investors weighed AMD’s CES chip roadmap against tight competition and fresh China-related headlines across the sector.
- The next key catalyst is AMD’s Feb. 3 earnings report, with Friday’s U.S. jobs data a nearer-term market test.
Advanced Micro Devices (AMD.O) shares were down 2.5% at $204.68 in after-hours trading on Thursday, after swinging between $203.35 and $211.51 in the session.
The late dip matters because AMD is heading into its next earnings report with investors still trying to price how quickly its new AI (artificial intelligence) hardware turns into shipped systems and recurring orders. The stock’s slide also puts a round-number $200 level back on screens for short-term traders.
Wall Street’s tone did not help. U.S. stocks ended mixed, with technology shares sliding as investors picked through pricey AI winners and losers. “It’s become a ‘show me’ sector,” Art Hogan, chief market strategist at B. Riley Wealth, said, referring to capex, or capital spending, and the push for clearer payoffs. Reuters
AMD spent part of this week trying to give that payoff story more shape. At CES in Las Vegas on Monday, CEO Lisa Su showcased the MI455 AI processors used in server racks the company is selling to customers including OpenAI, and introduced the MI440X chip aimed at on-premise (in-house) enterprise deployments. Su also previewed the MI500 series for 2027 and rolled out new Ryzen AI PC processors, as Nvidia and Intel pushed their own CES launches. Reuters
The sector also had fresh China headlines to digest. Reuters reported Nvidia is asking Chinese customers to pay in full upfront for H200 AI chips as it hedges against uncertainty over Beijing’s approvals; Nvidia CEO Jensen Huang said demand was “quite high” and the company has “fired up our supply chain” to ramp output. Investors often read those cross-currents — approvals, payment terms, and export rules — as a proxy for how messy the next leg of AI hardware demand could get. Reuters
For AMD specifically, the next hard checkpoint is results. The company said it will report fiscal fourth-quarter and full-year 2025 results on Tuesday, Feb. 3, after the market close, followed by a conference call at 5:00 p.m. EST. Traders will be listening for updates on data-center momentum, AI accelerator shipments, and whether customer rollouts are speeding up or getting pushed out. Advanced Micro Devices, Inc.
But the setup cuts both ways. If customers slow orders, delay deployments, or lean harder into a rival’s software stack, the market can punish expectations quickly — especially in a tape that is starting to demand cleaner evidence of returns from AI spending.
Next up is Friday’s U.S. nonfarm payrolls report, a macro event traders have flagged as a key test for rate-cut timing and risk appetite, before attention swings back to AMD’s Feb. 3 earnings and any follow-through from CES bookings and China policy headlines. Reuters
