New York, Jan 24, 2026, 10:44 AM EST — Market closed.
- AMD shares closed Friday 2.3% higher at $259.68, but Intel plunged 17% following its guidance and supply remarks.
- The move extends AMD’s recent rally as it approaches its Feb. 3 quarterly report.
- Traders are keeping an eye on whether Intel’s supply crunch will trigger immediate share shifts in the PC and server markets.
Advanced Micro Devices Inc shares ended Friday 2.3% higher at $259.68, boosted by investor bets that supply constraints at Intel might open up more opportunities for AMD in PC and data-center chips. Intel’s stock dropped 17% that same day.
U.S. markets are closed for the weekend, leaving Monday’s open to question if the recent trading has already priced in the news. Intel’s warning hit hard, shaking short-term outlooks for the x86 chip sector — the backbone of most PCs and many servers. AMD stands out as the most immediate listed winner from this shift.
AMD’s earnings are just over a week away, and the stock has already surged in anticipation. After a strong rally like this, investors usually see the upcoming guidance as the key measure—not the previous quarter’s results.
MarketWatch highlighted that AMD has notched nine consecutive days of gains, marking its longest winning streak since 2019. This rally has extended further as Intel shares dropped following its earnings report. (MarketWatch)
Intel projected first-quarter revenue between $11.7 billion and $12.7 billion on Thursday, highlighting ongoing supply challenges. “We expect our available supply to be at its lowest level in Q1 before improving in Q2 and beyond,” CFO David Zinsner noted. CEO Lip-Bu Tan added that demand related to the AI build-out remains strong. (Intel)
AMD’s immediate outlook is straightforward: when Intel falls short on shipments, customers don’t just pause—they turn to other options. This shift usually starts with PC processors before moving into servers, where supply deadlines are stricter and switching costs climb.
AMD announced earlier this month that it will release its fiscal fourth-quarter and full-year 2025 results on Feb. 3, following the market close. The company plans to hold a conference call at 5:00 p.m. EST. (AMD)
Investors are tuned in for any shifts in AMD’s messaging around supply, pricing, and order trends. Attention will focus on what management reveals about data-center demand. They’ll also seek updates on the spending pace of large cloud clients — the so-called “hyperscalers,” who run the biggest data centers — and whether their investments remain widespread or are concentrating on select projects.
The setup goes both ways. Intel says its supply will get better after Q1; if that improvement comes sooner than customers expect, some of Friday’s AMD gains might reverse. Plus, after a strong run into earnings, even a minor guidance miss could hurt.
Feb. 3 marks the next major event, when AMD will report and answer questions. Until then, traders will probably focus on Intel’s supply updates and any new cues from other chipmakers to gauge the week ahead.
