New York, Jan 31, 2026, 18:38 (EST) — The market has closed.
- Shares of Analog Devices dropped 2.4% Friday, ending the week at $310.88.
- Traders shifted attention back to rates following Donald Trump’s nomination of Kevin Warsh to head the Federal Reserve.
- Upcoming catalysts: the U.S. jobs report hits on Feb. 6, followed by Analog Devices’ quarterly earnings on Feb. 18.
Analog Devices (ADI.O) shares slipped 2.4% to close at $310.88 on Friday, moving within a range of $309.49 to $317.11 during a volatile session. U.S. markets will stay closed over the weekend.
The stock is once again caught in the rate debate. Donald Trump announced he will nominate Kevin Warsh to replace Jerome Powell as Fed chair in May, sparking a contentious confirmation battle that could reshape monetary policy expectations. (Reuters)
Friday saw the S&P 500 drop 0.43%, while the Nasdaq slid 0.94%. A hotter-than-expected producer price index report, combined with renewed fears of a U.S. government shutdown, triggered selling. Chip stocks were mixed—some gained, others fell. “Markets are trying to calibrate,” said Michael Hans of Citizens Wealth. Angelo Kourkafas at Edward Jones highlighted a tangle of concerns keeping investors on edge. (Reuters)
The semiconductor sector mirrored the patchy action. SanDisk surged, lifted by a forecast pointing to robust AI infrastructure demand. KLA, however, slipped following its earnings and guidance, illustrating that even a “beat” won’t satisfy investors hungry for clear gains. (Reuters)
Analog Devices produces analog and mixed-signal chips—components that convert real-world signals and control power in devices ranging from industrial machinery to automobiles. The stock remains tied to two main drivers: interest rates and industrial demand.
Analog Devices is set to release its first-quarter fiscal 2026 earnings on Feb. 18. The company will follow up with a call that same morning, featuring CEO Vincent Roche and CFO Richard Puccio, among others. (Analog Devices)
Investors are keyed in on any clues about customer inventories and whether orders are steadying in industrial and automotive sectors. Here, guidance carries more weight than the actual numbers, with even slight changes in margins or pricing capable of shifting the stock.
The broader calendar could work in ADI’s favor. Next week features a packed slate of corporate earnings and the U.S. jobs report on Feb. 6. Traders are now mostly expecting the next Fed rate cut to come later this year. “For those companies where expectations have become very, very lofty, the onus is going to be on them to deliver,” said Jim Baird at Plante Moran Financial Advisors. (Reuters)
The downside remains straightforward. A robust payrolls report or persistent inflation could push yields higher, which usually weighs on semis fast; the Washington budget standoff adds another wildcard, especially if it escalates into a genuine shutdown threat.
Monday’s open marks the next checkpoint following Friday’s drop. The schedule then gets busier: the Feb. 6 jobs report will drive rate speculation, while Analog Devices’ Feb. 18 earnings offer the quarter’s first concrete company-specific insight.
