New York, January 25, 2026, 16:30 EST — The market has closed.
- On Friday, AMD climbed 2.35%, wrapping up at $259.68 and building on its robust January momentum.
- Intel’s surprising forecast and a key Fed decision midweek thrust chip stocks back into focus.
- AMD will release its fiscal Q4 and full-year earnings on Feb. 3, after markets close.
Advanced Micro Devices Inc shares ended Friday 2.35% higher at $259.68, after fluctuating between $256.25 and $266.96 during the session. The stock has gained roughly 12% over the past week and about 21% since late December. 1
U.S. markets remain closed over the weekend, setting up the next session amid a packed schedule. A Federal Reserve policy announcement is due, alongside a flood of megacap earnings reports. Investors will be watching closely for clues on AI spending and profit trends. “Earnings are the driver,” said Franklin Templeton strategist Chris Galipeau. 2
Friday’s session revealed some strain. The Dow dropped 0.58%, the S&P 500 barely moved, and the Nasdaq nudged up 0.28%, despite Intel’s 17% plunge on a weaker outlook. Julian McManus, portfolio manager at Janus Henderson’s Global Alpha Equity team, described this as a “show-me” phase ahead of earnings. 3
Intel revealed this week it has struggled to keep up with demand for server chips powering AI data centers, and projected first-quarter revenue between $11.7 billion and $12.7 billion—missing Wall Street’s estimates. “In the short term, I’m disappointed that we are not able to fully meet the demand in our markets,” CEO Lip-Bu Tan told analysts. The company cited delays in ramping factory output and a memory-chip shortage that could drag on PC sales. 4
This is significant for AMD since traders tend to view chip earnings like a domino effect: a supply squeeze at one firm can be seen as an opportunity for another, but only momentarily. If Monday shifts into a straightforward rotation trade, it might fizzle out once new forecasts roll in.
AMD will release its fiscal fourth-quarter and full-year 2025 financial results on Feb. 3 after the market closes, followed by a conference call at 5:00 p.m. EST. 5
The Fed’s rate-setting committee is set to meet Jan. 27-28, with a policy announcement and Chair Jerome Powell’s press briefing slated for Jan. 28, according to the central bank’s calendar. 6
The risk remains what’s been dogging chip rallies for months: sky-high expectations. A clear signal from the Fed on rates, or any hint that AI-fueled capex won’t translate into quick revenue, could slam richly valued semiconductor stocks hard.
Traders need to keep an eye on this week’s big-tech earnings, particularly any remarks about data-center expansions and chip supply. These comments usually shift the entire sector, not just individual stocks.
AMD stock faces its first test at Monday’s open following Friday’s rally. A bigger challenge looms Wednesday with the Fed’s decision, then again on Feb. 3, when AMD reports earnings and sets the stage for what comes next.
