New York, Feb 9, 2026, 10:02 EST — Regular session
- AMD shares push higher, adding to gains following last week’s volatile run in AI chip stocks.
- Fresh U.S. data and comments from Fed officials are in focus as traders look for interest rate signals.
- Demand for data-center chips remains front and center, with big tech’s spending plans still drawing attention.
Advanced Micro Devices shares moved up 1.6% to $211.88, hitting that high after ranging from $204.25 earlier Monday. Nvidia advanced 3.4%, Broadcom tacked on 2.7%. Intel slipped 4.2%. The VanEck Semiconductor ETF added 0.8%.
Investors stepped in to support tech stocks early, following a stretch where concerns over AI shakeups and overheated valuations sent the sector tumbling. Attention now shifts to a series of U.S. economic reports that may upend forecasts for the Federal Reserve’s approaching interest-rate decision.
Chip stocks surged Friday, driven by expectations that major cloud players aren’t done pouring money into AI data centers—despite lingering questions about just how expensive that expansion will get. “There’s real demand for AI products,” said Ross Mayfield, investment strategy analyst at Baird. He notes that pullbacks often invite fresh buyers to step in. Reuters
AMD is working through a choppy response to its latest quarterly forecast, as investors question the pace of its catch-up to Nvidia in the AI accelerator race. Bernstein’s Stacy Rasgon didn’t mince words, calling the results “weren’t all that much beyond ‘inline’ without the China boost.” The company acknowledged that renewed AI chip shipments to China gave both its recent numbers and its outlook a lift. Reuters
Last week’s earnings release from the company carried a notably brighter outlook, highlighting gains in both its server and PC chip segments. “2025 was a defining year for AMD, with record revenue and earnings,” CEO Lisa Su declared. CFO Jean Hu echoed the optimism, citing “profitable growth at scale.” Advanced Micro Devices, Inc.
Chipmakers still have the wind at their backs. The Semiconductor Industry Association projects worldwide semiconductor sales will reach $1 trillion this year. “My orders are completely full,” CEO John Neuffer told Reuters, pointing to heavy demand from the AI ramp-up. Reuters
The downside risk remains. According to Reuters, Intel and AMD have alerted their Chinese customers to potential server CPU shortages; sources pointed to lengthier delivery lead times for certain products and tighter capacity hitting segments of the supply chain.
Investors are set to tune in Monday for remarks from Fed Governor Christopher Waller, Governor Stephen Miran, and Atlanta Fed President Raphael Bostic, looking for any new hints on policy direction.
Midweek brings the next major hurdle. Watch for the January Employment Situation report from the Labor Department, set for Feb. 11 at 8:30 a.m. ET. Just two days later, the January CPI inflation figures drop at 8:30 a.m. ET on Feb. 13 — numbers that routinely jolt rate-cut expectations and ripple through high-valuation growth names, including chipmakers.
AMD faces a test now: Can Monday’s rally stick as investors pivot from AI chatter to macro data? Jobs numbers land Wednesday, inflation figures hit Friday.
