New York, Jan 19, 2026, 18:52 EST — Market closed.
- U.S. stock markets remained closed Monday in observance of Martin Luther King Jr. Day; they will reopen Tuesday.
- AMD ended the day up 1.7%, closing at $231.83, buoyed by gains across semiconductor stocks.
- Attention turns to February 3 earnings, even as tariff news and inflation figures loom, poised to unsettle risk appetite.
Advanced Micro Devices shares closed up in the previous session, though traders enter Tuesday faced with scant new company updates and a more pronounced macroeconomic environment.
U.S. equity markets shut down Monday in observance of Martin Luther King Jr. Day, setting up a shorter week where trading volumes tend to drop and price swings can appear exaggerated. (New York Stock Exchange)
Stock futures dipped as investors digested fresh tariff warnings from the White House, a scenario that typically pressures high-beta tech stocks first. Stephen Innes of SPI Asset Management described it as “a slow rebalancing story,” cautioning that geopolitical shifts can gradually redirect capital flows. (AP News)
AMD ended the session up roughly 1.7%, closing at $231.83. Nvidia dipped around 0.5%, and Intel dropped close to 2.8%. Meanwhile, the iShares Semiconductor ETF gained about 1.6%.
The stock is riding a broader question: will demand for data-center chips remain strong through 2026? KeyBanc analysts upgraded AMD earlier this week, noting the industry appears “largely sold out” on server CPU capacity. They also mentioned potential price hikes of 10% to 15%. (Investopedia)
Wells Fargo analyst Aaron Rakers told CNBC that the semiconductor sector is moving away from heavy AI “training” expenses toward “inferencing,” which is about applying models in real time. He sees this shift as a key driver for the industry’s next growth phase. (Stocktwits)
Looking ahead, the next major event for the company is earnings. AMD plans to release its fiscal fourth-quarter and full-year 2025 results on Feb. 3, after the market closes, followed by a conference call at 5 p.m. EST. Additionally, CTO Mark Papermaster is scheduled to speak at Morgan Stanley’s Technology, Media & Telecom Conference on March 3. (Advanced Micro Devices, Inc.)
Investors are tuning out the headline earnings figure, focusing instead on the underlying message: data-center growth, pricing trends, and AMD’s pace in scaling AI accelerators without sacrificing margin.
Risks remain. Trade-related headlines could trigger a risk-off start, dragging semiconductors down no matter the underlying fundamentals. Plus, if major cloud customers cut back or delay purchases, the growth outlook for a stock that’s already revalued upward could come under pressure fast.
Ahead of AMD’s earnings, all eyes are on the upcoming inflation data: the Commerce Department’s PCE price index hits on Jan. 22. This number could shake up rate-sensitive tech stocks once again. (Bea)
