New York, Jan 31, 2026, 18:07 EST — The markets shut down for trading today.
Advanced Micro Devices Inc shares fell 6.13% on Friday, closing at $236.73 after trading between $234.55 and $245.24. In after-hours trading, the stock edged up just 0.01%. Regular trading picks up again Monday, Feb. 2, when U.S. markets reopen. (Investing.com)
This follows SemiAnalysis raising concerns about delays in AMD’s MI450-series AI accelerators, the chips aimed at training and deploying AI models in data centers. As reported by Investing.com, AMD initially planned to start volume production in the second half of 2026, with the bulk of shipments slated for Q4 going to customers including OpenAI and Oracle. (Investing.com)
Wells Fargo analyst Aaron Rakers rejected the claim entirely, sticking to his Overweight rating and a $345 price target. He added he’s ready to buy on any pullbacks, The Fly reported. (TipRanks)
Rakers pointed to checks showing TSMC’s 2-nanometer process is progressing on schedule, with key designs already “taped out”—that is, finalized and sent to production—and initial samples dispatched, according to TipRanks. He expects MI450 production to ramp up in the second half of 2026. (TipRanks)
MI450 marks AMD’s newest effort to carve out a piece of the AI accelerator space, where Nvidia still dominates, a Motley Fool column on Nasdaq.com reports. The piece highlighted Rakers blaming SemiAnalysis for the recent selloff but maintained the chip is picking up “traction.” (Nasdaq)
Growth stocks slipped, pulling the Nasdaq Composite down 0.94%. Investors absorbed President Donald Trump’s pick of Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, Reuters reports. “Markets are calibrating” to the announcement, noted Michael Hans of Citizens Wealth. (Reuters)
Options pricing points to a sharp move ahead of the upcoming earnings. OptionSlam.com pins the implied move — a volatility measure derived from option prices — at about 8.9% for the Feb. 6 expiries. (Optionslam)
Checking the MI450 timeline independently isn’t straightforward, and the stock has reacted sharply to small news snippets. On Friday morning, shares dropped about 4% following a warning from SemiAnalysis about potential production delays. (Seeking Alpha)
Macro risk takes center stage this week. The U.S. Employment Situation report for January is set for release on Feb. 6 at 8:30 a.m. ET, according to the Bureau of Labor Statistics. (Bureau of Labor Statistics)
AMD said it will report its fourth-quarter and full-year earnings after the market closes on Tuesday, Feb. 3, with a conference call scheduled for 5 p.m. ET. Investors will be watching closely for the 2026 forecast and any updates on the MI450 ramp during the call. (AMD)
