New York, January 5, 2026, 09:17 EST — Premarket
- AMD shares rose about 2.8% in premarket trading as traders positioned ahead of CEO Lisa Su’s CES keynote.
- A Foxconn sales update added to optimism around AI server demand, lifting sentiment across chip stocks.
- Investors also watched U.S. ISM factory data due after the open and Friday’s monthly jobs report.
Shares of Advanced Micro Devices (AMD.O) were up 2.8% at $229.73 in premarket trading, before Wall Street’s opening bell at 9:30 a.m. ET. The stock ended the last session at $223.47.
The move puts attention back on CES, where chipmakers and hardware suppliers use early-January stages to reset expectations for new products and demand. For AMD, traders are looking for any fresh signposts on the pace of AI hardware spending and the 2026 PC upgrade cycle.
Su is scheduled to deliver AMD’s CES keynote at 6:30 p.m. PT (9:30 p.m. ET) on Monday, the company said on its website, and AMD billed the address as focused on its “vision” for AI solutions spanning data centers and devices. AMD
CES itself runs from Jan. 6 to 9 in Las Vegas, with artificial intelligence woven through many of the biggest product pitches this year. “This year you will see more and more focus on AI and autonomous,” said C.J. Finn, PwC’s U.S. automotive industry leader. Reuters
Broader chip sentiment also got a lift from Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, which reported record fourth-quarter revenue, up 22.07% from a year earlier, on strong demand for AI-related products. Foxconn said it expected solid performance supported by demand for AI server rack products — clusters of connected servers used to train and run AI models.
AMD and larger rival Nvidia have drawn outsized attention as investors try to map where AI infrastructure spending lands next, and whether new products can keep demand broadening beyond a few marquee names. Nvidia’s CEO Jensen Huang and AMD’s Su are among the headline speakers at the show, according to an event preview.
Macro data sits close behind the CES headlines. Stock-index futures edged higher early Monday, and investors were watching a run of labor-market readings this week, including the monthly nonfarm payrolls report due Friday, after which markets often reassess the outlook for Federal Reserve rates. Markets are pricing in about 60 basis points of easing this year — a basis point is one-hundredth of a percentage point — according to LSEG data cited by Reuters.
On the chart, the premarket quote put AMD above Friday’s intraday high near $227, a level some short-term traders track as resistance. The stock remains below its 52-week high of about $267, based on the same pricing data.
But the setup cuts both ways. If Su’s remarks lean heavily on vision and light on product timing, supply, or demand color, the premarket pop could fade quickly once regular trading begins.
