New York, Feb 1, 2026, 18:01 (EST) — Market closed
- AMD shares dropped 6.1% on Friday after a report raised new doubts over the schedule for its MI450 AI accelerator.
- The drop happened as chip and AI-infrastructure stocks broadly retreated heading into the weekend.
- Tuesday’s earnings report and any news on the MI450 production ramp will be in focus.
Advanced Micro Devices shares finished Friday down 6.1% at $236.73, swinging between $234.55 and $248.67 during the session. The drop came after reports surfaced suggesting delays in its MI450-series AI accelerators—key chips powering AI workloads for clients like OpenAI and Oracle. Roughly 40 million shares traded hands. (Investing)
The selloff is significant because it comes just before earnings, a time when traders are quick to punish any uncertainty in company guidance. For AMD, the AI chip segment now carries as much weight as the rest of its operations, fueling the stock’s volatility.
The next major milestone comes Tuesday. The company plans to release its fiscal fourth-quarter and full-year 2025 results after the market closes on Feb. 3, followed by a conference call at 5 p.m. EST. It also highlighted CTO Mark Papermaster’s upcoming appearance at a Morgan Stanley technology conference on March 3. (AMD)
SemiAnalysis flagged what it called a delay in the MI450-series timeline. But Wells Fargo’s Aaron Rakers pushed back, saying the bank “would refute this claim” and still expects AMD to highlight progress toward a production ramp in the second half of 2026. The firm remains bullish, signaling it “would be a buyer on stock weakness,” while reiterating its Overweight rating and a $345 price target, TipRanks reported. (TipRanks)
Friday saw a sharper sell-off in chip and AI-infrastructure stocks. KLA plunged over 15%, Western Digital dropped more than 11%, while the Nasdaq 100 slid 1.28% and the S&P 500 gave up 0.43%, per Nasdaq.com data. Treasury yields climbed after Donald Trump announced Kevin Warsh as his pick for Federal Reserve chair and producer-price figures came in hotter than expected. (Nasdaq)
Investors are shifting focus to a busy week ahead that might reshape expectations on interest rates and the AI sector. The U.S. January jobs report lands Friday, with earnings from Alphabet, Amazon, and Qualcomm also scheduled, according to Investopedia. (Investopedia)
AMD sells CPUs for PCs and servers, along with graphics chips for gaming and data centers. Its AI accelerators remain a smaller slice of revenue, yet they drive both expectations and valuation.
Investors tuning in for the Feb. 3 call will be focused on any shifts in management’s tone regarding production schedules and customer demand in the data-center segment. The guidance will carry more weight than the actual quarterly results, particularly after last Friday’s drop.
The downside is clear. Should AMD fail to quiet the MI450 rumors or signal weaker near-term demand, its stock could remain under pressure in a market growing less tolerant of high-multiple chip stocks.
Markets reopen Monday, with AMD’s next catalyst due Tuesday after the bell. Friday’s jobs report remains the key macro event that could push tech shares either way.
