New York, Jan 31, 2026, 18:07 EST — Markets have closed for the day.
Advanced Micro Devices Inc shares ended Friday down 6.13%, closing at $236.73, within a range of $234.55 to $245.24 during the session. After-hours, the stock ticked up slightly by 0.01%. Trading will resume when U.S. markets open on Monday, Feb. 2. (Investing)
The development came after SemiAnalysis flagged potential delays in AMD’s MI450-series AI accelerators, the chips designed for training and running AI models in data centers. According to Investing.com, AMD had earlier projected volume production to kick off in the second half of 2026, with most shipments expected in Q4 to clients like OpenAI and Oracle. (Investing)
Wells Fargo analyst Aaron Rakers dismissed the claim outright, maintaining an Overweight rating and a $345 price target. He also said he’d look to buy on any dips, The Fly reported. (TipRanks)
Rakers cited checks indicating TSMC’s 2-nanometer process is advancing as planned, with major designs already “taped out”—meaning the chip design is finalized and sent to manufacturing—and initial samples have been shipped, according to TipRanks. He anticipates MI450 production will scale up in the latter half of 2026. (TipRanks)
MI450 is AMD’s latest shot at grabbing a slice of the AI accelerator market, which Nvidia currently leads, according to a Motley Fool column on Nasdaq.com. The article noted that Rakers pointed fingers at SemiAnalysis for the recent selloff but insisted the chip is gaining “traction.” (Nasdaq)
Growth stocks fell on a sluggish day, dragging the Nasdaq Composite down 0.94%. Investors digested President Donald Trump’s choice of Kevin Warsh to replace Jerome Powell as Federal Reserve chair, according to Reuters. “Markets are calibrating” to the news, said Michael Hans of Citizens Wealth. (Reuters)
Options pricing signals traders expect a sharp move around the upcoming earnings. OptionSlam.com has the implied move — a volatility gauge from option prices — pegged at roughly 8.9% for the Feb. 6 expiries. (Optionslam)
Verifying the MI450 timeline independently is tricky, and the stock’s proved sensitive to even minor news. On Friday morning, shares slipped roughly 4% after SemiAnalysis raised flags about possible production delays. (Seeking Alpha)
Macro risk is back in focus this week. The U.S. Employment Situation report for January drops on Feb. 6 at 8:30 a.m. ET, per the Bureau of Labor Statistics. (Bureau of Labor Statistics)
AMD plans to release its fourth-quarter and full-year results after markets close on Tuesday, Feb. 3, with a conference call set for 5 p.m. ET, the company announced. Attention will center on the 2026 outlook and whether management comments on the MI450 ramp during the call. (AMD)
