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. (Investing)
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. (Reuters)
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. (Reuters)
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. (Reuters)
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. (Advanced Micro Devices, Inc.)
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. (Federal Reserve)
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.
