New York, January 9, 2026, 16:48 EST — After-hours
- AMD shares were down 0.7% at $203.17 in after-hours trading, after moving between $202.88 and $207.27 in the session.
- Traders are weighing sector momentum against the next round of macro data and AMD’s looming results update.
Advanced Micro Devices Inc shares fell 0.7% to $203.17 in after-hours trading on Friday, with the stock still in the orbit of big tech and chip-sector positioning.
The wider chip group moved higher on the day. The PHLX semiconductor index, a benchmark of major U.S. chip stocks, hit a record as the S&P 500 closed at an all-time high, lifted by Broadcom and other winners. “Investors are getting granular and picking the winners and losers,” said Zachary Hill, head of portfolio management at Horizon Investments. Reuters
A softer U.S. jobs report kept the rate outlook in play, a live wire for growth stocks. Nonfarm payrolls rose 50,000 in December, below forecasts, while the unemployment rate edged down to 4.4%. “It gives the Fed the ability to cut rates,” said Adam Sarhan, chief executive at 50 Park Investments, while Peter Cardillo at Spartan Capital Securities called it “not too hot, not too cold.” Reuters
Trade policy risk has also hung over the tape. The U.S. Supreme Court is expected to issue its next rulings on January 14, with the legality of President Donald Trump’s sweeping tariffs still pending in a closely watched case.
AMD has been trying to keep attention on product and customer momentum. At CES in Las Vegas earlier this week, Chief Executive Lisa Su showcased MI455 AI processors and introduced the MI440X, an “enterprise” AI chip aimed at fitting into conventional data-center setups, while previewing the MI500 series for 2027 and touting a large jump in performance. OpenAI President Greg Brockman joined Su on stage as AMD sharpened its message as a credible rival to Nvidia in AI accelerators — chips used to speed up AI training and inference. Reuters
CES itself has turned into a live showroom for the AI supply chain. China’s Lenovo held an event at the Las Vegas Sphere featuring Nvidia CEO Jensen Huang and Su, underlining how tightly PCs, cloud services and AI software are being sold as one stack.
On Friday, AMD traded as high as $207.27 and as low as $202.88, with about 24.1 million shares changing hands. With the stock hovering near a round-number $200 handle, the next push likely comes from either a clean risk-on bid in semis — or a disappointment that sends traders back to the exits.
But CES buzz is not revenue, and investors have been burned before by big AI narratives that arrive ahead of shipments and margins. AMD still has to show that new data-center silicon can translate into sustained growth against Nvidia’s tight grip on the market, while any policy shock on tariffs or rates can whipsaw the group.
Next up, traders are watching U.S. inflation data on January 13 and the Fed’s January 27–28 meeting for clues on the rate path. AMD is scheduled to report fiscal fourth-quarter and full-year 2025 results on February 3 after the market close, with a conference call set for 5:00 p.m. EST.
