New York, Jan 12, 2026, 10:31 (EST) — Regular session
Shares of Advanced Micro Devices were up 2.6% at $208.44 by 10:31 a.m. EST on Monday, even as the Nasdaq 100 tracker dipped slightly. The stock traded between $200.00 and $208.44.
The move lands in a market that is quick to swing on chip names, where money has chased anything tied to artificial intelligence and then backed away just as fast. AMD sits near the center of that push-pull ahead of its next results.
Bernstein analyst Stacy Rasgon reiterated “outperform” calls on Nvidia and Broadcom and wrote that AI spending “shows no signs of slowing.” He kept AMD at “market perform” and said “NVDA appears to be pulling farther ahead,” leaning on Nvidia’s product roadmap. 1
In morning trading, Nvidia was little changed, while Broadcom and Applied Materials were up about 1.9% and 2.3%, respectively. Intel was down about 1.1%, and Qualcomm slid more than 3%.
The iShares Semiconductor ETF, a broad gauge of the group, was up about 0.1%.
The broader market opened lower after the Trump administration renewed its attacks on the Federal Reserve, stoking worries about the central bank’s independence. A proposed one-year cap on credit-card interest rates also weighed on financial stocks, Reuters reported. 2
For AMD investors, the next hard catalyst is Feb. 3, when the company is set to report fiscal fourth-quarter and full-year results after the market close and hold a conference call at 5 p.m. EST. 3
Traders will listen for guidance on the data-center business, where AMD sells chips used in servers, and on PC processors. Any fresh detail on demand for AI accelerators — graphics chips used to train and run AI models — can swing expectations quickly.
But the setup cuts both ways. A cautious forecast, or any sign investors think Nvidia’s lead is widening, can sap momentum in a hurry.
Investors get the next read on that when AMD reports on Feb. 3 after the close.
