New York, Jan 27, 2026, 16:33 EST — After-hours
- AMD shares edged up about 0.3% in after-hours trading following a volatile session.
- Piper Sandler lifted its price target to $300, citing anticipated growth in products and customers by 2026.
- Investors are bracing for the Fed’s Wednesday decision, with AMD set to release its earnings on Feb. 3.
Advanced Micro Devices Inc shares edged up about 0.3% in after-hours trading Tuesday, finishing close to $252.03. Earlier in the day, the stock swung between $255.49 and $248.10.
Timing matters. Growth stocks have swung sharply with shifts in interest-rate expectations as the Federal Reserve begins its two-day policy meeting. Investors are bracing for a packed week of megacap earnings reports, which continue to fuel the broader “AI trade.” 1
The Fed is set to reveal its rate decision on Wednesday, followed by a press conference. Traders will have two chances to assess how much further the Fed plans to tighten before it might entertain another rate cut. 2
Chip stocks largely climbed, lifting the Philadelphia Semiconductor Index by about 2.4%. 3
Piper Sandler’s Harsh Kumar raised his price target on AMD to $300 from $280, keeping an “Overweight” rating intact. In a note covered by the financial press, he said he’s “very enthusiastic” about AMD’s 2026 prospects, pointing to a potential revenue boost approaching $200 million. 4
AMD is set to report its fourth-quarter and full-year 2025 results on Feb. 3 after markets close. The company will follow up with a conference call at 5 p.m. EST. 5
Tuesday’s trading painted a mixed scene, with tech stocks standing their ground. The Nasdaq ended the day in the green, but the Dow lagged, according to the final tallies. 6
AMD’s earnings story is tied closely to data-center demand and if its latest accelerator chips translate into actual orders in upcoming guidance, not just long-term forecasts. The AI chip battle is cutthroat; a few key customers can pivot spending quickly, and such shifts usually show up first in AMD’s outlook.
Bulls confront a real threat: cautious guidance from AMD or a hawkish Fed stance on inflation could trigger a steep sell-off in richly valued chip stocks. Expect after-hours moves to reverse once regular trading resumes and liquidity returns.
Mark your calendar: the Fed will unveil its policy decision on Jan. 28, with AMD set to release its earnings after the market closes on Feb. 3. 7
