NEW YORK, December 31, 2025, 4:34 PM ET — After-hours
- AMD traded lower after the closing bell as chip stocks eased into the year-end.
- Traders pointed to thin holiday liquidity and portfolio rebalancing in big tech.
- Focus shifts to AMD’s next results update and the Federal Reserve’s late-January policy meeting.
Shares of Advanced Micro Devices Inc (AMD) slipped 0.5% in after-hours trading on Wednesday, and were last at $214.16.
The modest move came as investors squared positions in high-profile technology names ahead of the New Year’s Day market holiday, a period when lighter trading can exaggerate price swings.
For AMD holders, the timing matters because the stock sits at the center of the market’s artificial-intelligence trade — and investors are looking to 2026 for clearer signals on demand and margins as competition in AI chips tightens.
U.S. stocks ended the final session of 2025 lower, with the S&P 500 down 0.73% and the Nasdaq off 0.76%, in a tech-led dip that also pressured chipmakers. Markets are closed on Thursday for New Year’s Day.
Peers also eased, with Nvidia down about 0.5% and Intel off about 1.0% at the time of writing. The iShares Semiconductor ETF (SOXX), a widely followed basket of chip stocks, fell about 1.2%.
“The valuation gap is so wide” that investors are repositioning, and “it’s just a healthy rebalancing of allocations more so than an emotionally driven sell-off,” said Mark Hackett, chief market strategist at Nationwide. Minutes from the Fed’s latest meeting underscored debate over risks to the economy, with investors expecting the central bank to hold rates steady at its Jan. 27–28 meeting. Reuters
On the company front, AMD’s investor-relations site showed no new SEC filings since Dec. 23, leaving traders without fresh corporate disclosures to drive late-session flows.
The next major checkpoint is AMD’s quarterly update. In its last earnings report, AMD forecast fourth-quarter revenue of about $9.6 billion, plus or minus $300 million, and said its non-GAAP gross margin — a profitability measure that excludes certain items such as stock-based compensation — would be about 54.5%.
Investors will be looking for commentary on data-center momentum, where AI accelerators — specialized chips used to train and run AI models — have become the main battleground against Nvidia. Traders also tend to scrutinize gross margin for signs that pricing pressure or ramp costs are creeping in.
Wall Street calendars are pointing to early February for results. Yahoo Finance’s earnings calendar lists Feb. 3 as the next report date, though AMD has not confirmed timing.
From a trading perspective, AMD’s session range put the day’s low at $213.61 and the high at $217.54, leaving the stock clustered near the $214 area heading into the holiday break — a zone that could act as a near-term marker for short-term momentum.
With U.S. equities set to reopen on Friday, investors will watch whether year-end repositioning continues into the first sessions of 2026, or whether demand returns quickly to the AI-linked chip complex.
