New York, Feb 1, 2026, 11:11 AM EST — The market has now closed.
- AMD dropped 6.1% in yesterday’s session, finishing at $236.73.
- The decline came after fresh debate over when AMD’s next-gen MI450 AI accelerator will ramp up, with some analysts expressing skepticism about the timing.
- Investors turn their attention to AMD’s Feb. 3 earnings and outlook, closely monitoring clues on data-center demand and any news on AI GPU schedules.
Shares of Advanced Micro Devices dropped 6.1% on Friday, closing at $236.73. The chipmaker now faces a challenging week ahead with a slate of semiconductor and megacap earnings due.
AMD is set to release its fiscal fourth-quarter and full-year 2025 results after the U.S. market closes on Tuesday, Feb. 3, with a conference call at 5:00 p.m. EST. Investors have focused heavily on the company’s data-center growth story, and recent stock moves indicate some jitters about what comes next.
Whispers about potential delays to AMD’s MI450-series AI chips sparked the latest wave of selling.
Wells Fargo analyst Aaron Rakers pushed back on the concerns in a note sent out Friday, suggesting the fears are exaggerated. He expects the company to reaffirm its MI450 timeline during the next earnings call.
The MI450 series stands out as AMD’s key offering aimed at large-scale AI projects starting in 2026, backed by major clients tied to the platform.
Competitive pressure is now front and center. If AMD’s growth falters, it would be in a market dominated by Nvidia, which continues to lead in AI accelerators, with Intel and others scrambling for smaller chunks of the server and enterprise compute markets.
AMD’s shares had already climbed sharply over the past few months, so any talk about timing tends to sting more than usual, especially with earnings looming and guidance usually taking center stage.
There’s a catch for bulls: everything depends on execution and clarity. If management skirts details on MI450 production or tones down demand outlook for data centers, traders might see this week as a reset—not a buying opportunity.
Investors are keeping an eye on whether chip strength is sustaining itself across the sector following a rapid AI-driven surge. Moves in companies like Broadcom frequently influence sentiment throughout the entire group.
AMD is set to report earnings Tuesday, Feb. 3, after markets close, followed by a 5:00 p.m. EST call. Investors will be pushing for clear answers on data-center momentum, AI GPU rollout schedules, and any shifts expected in the first half of 2026.
