New York, Feb 9, 2026, 16:21 EST — Trading in after-hours.
- AMD jumped roughly 3.6% to $215.88 in late trading, wrapping up a turbulent week for AI chip names.
- Investors are sizing up Big Tech’s latest spending moves, with key macro data on deck.
- AMD named a new chief marketing officer, effective right away.
Advanced Micro Devices (AMD) stock climbed roughly 3.6% to $215.88 in late Monday trading, having earlier reached $217.58.
That move came on top of a wider rally in tech stocks: Invesco QQQ Trust rose roughly 0.8%, VanEck Semiconductor ETF advanced about 1.2%. SPY, the main ETF tracking the S&P 500, added around 0.5%.
What’s at stake: Investors have been demanding more than hype from chipmakers after a volatile run for AI stocks, looking for solid proof that hefty data center outlays will actually boost revenue and profit. Earlier Monday, Reuters pointed to a packed week for U.S. economic releases and pulled Nvidia’s upcoming earnings back into sharp focus for the sector.
AMD released its own corporate update: Ariel Kelman, who’s held roles at Salesforce, Amazon Web Services, and Oracle, steps in as senior vice president and chief marketing officer, effective right away. “Ariel is a proven marketing leader,” Chief Administrative Officer Ruth Cotter said in a statement. AMD
“It’s an exciting moment,” Kelman said, highlighting the “massive AI data center opportunity.” AMD
Yet this week, AI hype—not who’s running sales—has dominated talk around the stock. The outlook AMD set in early February put old questions about its pace catching Nvidia in AI accelerators, and the profit picture, right back on the table.
“Expectations are running high for blockbuster results from AI hardware firms, and that’s shifted the market’s outlook,” Bob O’Donnell, president of TECHnalysis Research, said in comments to Reuters after the forecast. Reuters
AMD is projecting first-quarter revenue in the ballpark of $9.8 billion, give or take $300 million. The forecast bakes in around $100 million from Instinct MI308 sales going to China.
Other chip stocks tracked the sector’s moves on Monday. Nvidia picked up roughly 2.4%. Broadcom advanced 3.3%. Intel, meanwhile, lost 0.7%.
The risk hasn’t gone away: investors are still uneasy about the possibility of choppy AI spending, tougher pricing stances from major clients, and the threat of custom chips gradually carving out share from the broader merchant market.
Nvidia has circled Feb. 25, 2:00 p.m. PT for its fourth-quarter results—a date the AI chip sector will be watching closely.
Next up: U.S. January CPI drops Feb. 13 at 8:30 a.m. ET—a release that tends to jolt rate bets, which puts high-multiple chip names like AMD in the spotlight.
