NEW YORK, January 5, 2026, 05:24 ET — Premarket
- AMD shares were higher in premarket trading after a strong start to 2026.
- CEO Lisa Su is set to deliver AMD’s CES 2026 keynote later on Monday.
- Traders are also bracing for ISM factory data and Friday’s U.S. jobs report.
Advanced Micro Devices shares were up 2.6% at $229.18 in premarket trading on Monday, according to Investing.com data. The stock closed at $223.47 on Friday and remains about 14% below its 52-week high of $267.08.
The early move matters because CES is one of the first big “headline” events of the year for chipmakers, where product roadmaps and partner signals can shift expectations quickly. For AMD, any change in tone around AI and PCs can ripple through a stock that has been highly sensitive to growth assumptions.
Macro risk sits alongside the tech calendar. The Institute for Supply Management releases its January manufacturing PMI — a survey-based gauge of factory activity — at 10:00 a.m. EST, and the U.S. employment report for December is due on Friday, Jan. 9 at 8:30 a.m. ET.
That rate backdrop is in focus for the AI complex. “The costs are going up not down in our forecast, because there’s inflation in chip costs and inflation in power costs,” Morgan Stanley strategist Andrew Sheets told Reuters, pointing to pressures tied to data-center buildouts.
AMD said Su’s CES keynote begins at 6:30 p.m. PT (9:30 p.m. ET) and will outline the company’s vision for AI solutions “from cloud to enterprise, edge and devices,” alongside partners and customers. Investors will listen for fresh demand signals for AI accelerators — chips used to speed up training and running AI models — and for any hints on timing.
The competitive set is also front and center. Nvidia is scheduled to hold a CES press conference at 1:00 p.m. PT, while Intel said it will use CES to unveil its Core Ultra Series 3 processors, keeping the spotlight on the PC and AI hardware cycle.
AMD, based in Santa Clara, California, sells processors and graphics chips across data-center, PC, gaming and embedded markets. Its data-center segment includes AI accelerators and server CPUs, while its client and gaming unit includes Ryzen PC chips and discrete GPUs, according to Reuters company data.
On the chart, traders often watch moving averages — smoothed price lines used as simple trend markers. Barchart data show AMD’s 50-day moving average at $227.63 and its 200-day moving average at $163.23.
The next scheduled fundamental checkpoint is earnings. Yahoo Finance’s earnings calendar lists AMD’s next report for Feb. 3 at 4 p.m. EST, and Zacks Investment Research expects earnings of $1.31 per share for that release.
But the setup cuts both ways: a keynote that offers few concrete updates, or stronger economic data that pushes bond yields higher, can pressure richly valued chip shares. Competition remains intense, and investors have shown little patience for ambiguous timelines.
