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.” Reuters
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.
Chip stocks largely climbed, lifting the Philadelphia Semiconductor Index by about 2.4%.
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. Finviz
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.
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.
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.
