New York, Jan 10, 2026, 11:57 EST — Market closed
- AMD dropped 0.7% on Friday, closing the week down roughly 8%
- The chip-stock index soared to a record high, though AMD trailed behind the pack
- Upcoming triggers include the U.S. CPI release on Jan. 13 and AMD’s earnings report on Feb. 3
Advanced Micro Devices (AMD.O) shares dropped 0.74% on Friday, closing at $203.17, according to data. This followed a 2.54% decline the previous day. Since Monday’s close, the stock has fallen roughly 8%, lingering just above the $200 mark after peaking at $234.02 intraday on Jan. 5.
The recent dip happened even as chip stocks climbed, with the PHLX semiconductor index jumping 2.7% to hit a record high, and the S&P 500 also closing at an all-time peak. “Investors are getting granular and picking the winners and losers,” noted Zachary Hill, head of portfolio management at Horizon Investments. Reuters
U.S. stocks climbed Friday after a jobs report revealed that December hiring was weaker than anticipated, leaving hopes for rate cuts mostly unchanged. “Payrolls were a little bit light relative to consensus, but still fairly strong numbers,” noted Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. Reuters
AMD has pulled back following CEO Lisa Su’s CES keynote this week, where she unveiled new AI chips like the MI455 for data centers and the enterprise-targeted MI440X designed for on-premises use. The company also gave a sneak peek at its 2027 MI500 series. Nvidia responded with its own next-gen platform details, highlighting the rapid pace of competition in AI silicon.
AMD announced it will release its fiscal fourth-quarter and full-year 2025 earnings on Feb. 3, after the market closes. A conference call is scheduled for 5:00 p.m. EST.
The upcoming report is the real checkpoint. Investors want clarity on how quickly AI accelerators — those high-end graphics processors powering AI model training and inference — will scale. They’re also watching to see if the company can convert its product plans into immediate data-center sales without sacrificing too much margin.
Traders face one more macro challenge before then: the Consumer Price Index (CPI), the key inflation metric from the government, arrives on Jan. 13. A stronger-than-expected reading could send Treasury yields higher and weigh on pricey chip stocks, even if product updates look solid.
The Federal Reserve is set to hold its next policy meeting on Jan. 27-28. Markets often adjust swiftly ahead of this date, with semiconductors typically among the first sectors to react to shifts in rate expectations.
AMD’s position still has clear risks. Nvidia dominates the data-center AI space, and any hiccup with software readiness, customer rollouts, or supply shortages—especially of high-bandwidth memory—could trap AMD’s stock in a relentless catch-up game.
Monday’s session will put AMD’s ability to hold the $200 level under the microscope, as investors see if the chip rally broadens beyond just a handful of leaders. The next major event on the calendar is AMD’s earnings report, set for after the close on Feb. 3.
