New York, Feb 8, 2026, 07:18 (EST) — The market is shut.
- AMD bounced back sharply by week’s end, drawing investors back into chip stocks.
- Heavier AI data-center spending became the sector’s new catalyst, as fresh signals rolled in.
- Next up is Monday’s test. After that, attention swings to major U.S. economic data due out later in the week.
Shares of Advanced Micro Devices, Inc. finished Friday up 8.2% at $208.44, pushing the bar higher for the stock ahead of Monday’s U.S. market open.
Chip stocks have gone jittery again, their prices jumping around with every fresh hint about just how much money Big Tech is willing to keep spending on artificial intelligence infrastructure. That late-week rally, it turns out, is carrying extra weight now.
AMD’s been here before. Investors are waiting to see evidence that the upcoming round of data-center expansion actually leads to chip orders, and that AMD claims a larger slice of that investment, instead of watching competitors take it.
Friday saw that trade reverse course after Amazon announced plans to boost capital expenditures by more than 50%—with spending earmarked for equipment and data centers. Alphabet had already signaled a similar increase. Nvidia jumped 7.8%, AMD spiked 8.3%, and Broadcom finished the day up 7.1%. The PHLX semiconductor index, a key gauge for U.S. chip stocks, closed 5.7% higher. “There’s enough evidence there’s real demand for AI products,” said Ross Mayfield, investment strategy analyst at Baird. 1
The mood lingered into the weekend. Nvidia’s CEO Jensen Huang called AI chip demand “through the roof,” Investopedia noted, underscoring just how fast the narrative swings back to supply and demand. 2
AMD shares bounced back after sliding midweek, when the chipmaker projected first-quarter revenue around $9.8 billion, give or take $300 million—a step down from the $10.27 billion it posted for the previous quarter. Bernstein’s Stacy Rasgon described the China lift as “inline,” noting AI figures aren’t “really inflecting” yet. CEO Lisa Su, for her part, said a global shortage of memory chips won’t hold back production. 3
Still, the bid looks shaky. Should cloud clients pull back on budgets—or if workloads drift toward proprietary chips—traders warn AMD could land right back in the hot seat that drove the stock lower just days ago.
Macro events are up next. The January U.S. jobs report, delayed, arrives Wednesday, Feb. 11. On Friday, Feb. 13, the consumer price index lands. Both could jolt rate forecasts and shake up how growth stocks are priced. Cisco and others will also report earnings, potentially shedding more light on data-center demand. 4
