New York, January 26, 2026, 09:39 EST — Regular session
- AMD dropped roughly 2% in early trading, giving back some of last week’s gains.
- Attention shifts to the Fed’s January 28 decision alongside a packed schedule of major tech earnings.
- On Feb. 3, AMD is set to release its quarterly results, with data-center demand drawing close attention.
Shares of Advanced Micro Devices dropped roughly 2% in early Monday trading, retreating after a solid rally last week. As of 9:34 a.m. EST, the stock was trading at $254.36, down 2.0%. (Google)
This shift is crucial as chip stocks now serve as a high-beta bet on interest rates and the speed of data center spending. This week piles on two major market drivers: the Federal Reserve’s policy decision and the peak of U.S. earnings season. (Reuters)
AMD’s fiscal fourth-quarter and full-year 2025 earnings are due after the market closes on Feb. 3. The company will hold a conference call at 5:00 p.m. EST to discuss the results. (Advanced Micro Devices, Inc.)
U.S. stock index futures dipped before the open, as investors prepared for major tech earnings and the Federal Reserve’s announcements, Reuters reported. Markets were also paying close attention to new developments in trade policy. (Reuters)
AMD closed last session at $259.68, slipping roughly $5.32 in early Monday trades. According to Google Finance, the stock fluctuated between $253.38 and $258.29 during the day. (Google)
The Fed kicks off its January meeting Tuesday, with a policy statement due Wednesday, Jan. 28, and a press conference to follow. Changes to the rate outlook could swiftly impact richly valued growth stocks, especially in semiconductors. (Federal Reserve)
Data-center chip competition is heating up. Nvidia announced a $2 billion investment in cloud provider CoreWeave and plans to boost its efforts by launching the new Vera CPUs. This step sets Nvidia more squarely against AMD and Intel in the server processor arena, the Financial Times reported. (Financial Times)
Some of the buzz around AMD hinges on its server CPUs, which continue to see strong demand. KeyBanc analyst John Vinh noted that AMD’s server CPU supply is “nearly sold out for the year.” Bernstein’s Stacy Rasgon also highlighted anticipated growth in Epyc processor sales come 2026. (MarketWatch)
That said, the setup works both ways. With the stock hovering near recent highs, traders pounce on any sign of weaker data-center orders, pricing pressure, or hiccups in GPU execution — all under the shadow of an earnings report just around the corner.
Next up: Wednesday’s Fed statement and press conference. Then comes AMD’s earnings report and call on Feb. 3. Investors will zero in on data-center demand and the company’s outlook for 2026. (Federal Reserve)
