New York, January 8, 2026, 18:12 EST — Market closed
- AMD shares fell 2.5% to $204.68, in line with a pullback across AI-linked tech.
- CES chip unveilings kept focus on AMD’s bid to take share from Nvidia in data-center accelerators.
- AMD is set to report results on Feb. 3 after the market close.
Shares of Advanced Micro Devices fell 2.5% in after-hours trading on Thursday, closing at $204.68. The drop unfolded against a backdrop of some choppiness in the wider market.
The drop stands out as investors turn pickier on the AI trade just before earnings season kicks off. For AMD, the focus isn’t only on flashy new hardware launches—it’s whether those wins translate into tangible shipments and better profit margins.
AMD said on Tuesday it will release its fiscal fourth-quarter and full-year 2025 earnings on Feb. 3, right after the market closes. A conference call is scheduled for 5 p.m. EST that same day. Meanwhile, the company revealed that its chief technology officer, Mark Papermaster, will speak at Morgan Stanley’s Technology, Media & Telecom Conference on March 3. 1
Wall Street wrapped up mixed, with some tech giants taking a hit—Nvidia fell 2.2%, Broadcom slid 3.2%. The Nasdaq dipped 0.44%, according to Reuters. “While AI is still hot, there are going to be winners and losers,” said Art Hogan, chief market strategist at B. Riley Wealth, calling it a “show me” sector. 2
At CES in Las Vegas on Monday, CEO Lisa Su put AMD’s MI455 processors in the spotlight, showing how they power server racks for clients like OpenAI. She also introduced the MI440X — an “enterprise” chip designed for on-premise setups, aiming straight at companies’ own data centers instead of specialized AI clusters. Reuters reported that AMD’s October deal with OpenAI could add billions to its annual revenue, with the first MI400-based systems expected to hit the market this year; OpenAI President Greg Brockman stressed that upgrading chips was crucial to handle its “vast computing needs.” 3
The Philadelphia Semiconductor Index fell around 1.8% on Thursday, underscoring the persistent struggles facing chip stocks. 4
Treasury yields edged higher, with eyes fixed on Friday’s key U.S. jobs report. The numbers might jolt interest-rate forecasts and shift the way investors price growth stocks. 5
But AMD has a tricky path ahead: it needs to ramp up accelerator sales without cutting prices or trimming margins. At the same time, Nvidia is working flat out to keep up with demand. If the hype around AI cools off, sentiment in the market could shift just as fast.
Investors are zeroing in on AMD’s Feb. 3 earnings report, searching for signs about data-center accelerator shipments and whether demand will hold firm through 2026. Then, all attention turns to March 3, when Papermaster is scheduled to speak at Morgan Stanley’s conference.
