New York, Jan 5, 2026, 16:27 ET — After-hours
- AMD shares were down about 1% after the close, with chip peers mixed.
- CEO Lisa Su is set to deliver AMD’s CES opening keynote later Monday night.
- Investors are looking for concrete product timing in AI PCs and data-center accelerators.
Advanced Micro Devices (AMD.O) fell 1.1% to $221.08 in after-hours trading on Monday, the period after the U.S. market closes. Nvidia slipped 0.4% and Intel was little changed.
The move comes hours before CEO Lisa Su takes the stage for AMD’s CES opening keynote, scheduled for 9:30 p.m. ET, the company said. For AMD, it is one of the first high-visibility catalysts of the new year. AMD
Why it matters now: traders want fresh signals on whether demand for AI-focused chips is broadening beyond data centers and into consumer devices. AI-linked stocks have been choppy as investors press chipmakers and their customers for clearer proof of payback from heavy spending on artificial-intelligence infrastructure, Investopedia reported. Investopedia
Reuters reported Su is likely to roll out new generations of PC chips aimed at AI and graphics during the show, with Intel set to detail its Panther Lake laptop chip later Monday. Reuters also said AMD’s multibillion-dollar deal with OpenAI for next-generation MI400 chips, with some deployments planned this year, is expected to generate tens of billions of dollars in revenue for the chip designer. Reuters
AI PCs are laptops that include dedicated hardware—often called a neural processing unit—to run certain AI features on-device instead of sending the work to the cloud. Investors tend to focus on shipping dates, performance claims and whether chipmakers can win designs from PC brands without eroding margins.
AMD traded between $220.48 and $234.02 on Monday and sits roughly 17% below its 52-week high of $267.08, according to Investing.com data. The stock has gained about 71% over the past year, the same data showed. Investing
Supply constraints are also in focus across the AI hardware chain. Samsung co-CEO TM Roh described the memory-chip shortage as “unprecedented,” Reuters reported, as demand for high-bandwidth memory used in AI servers absorbs capacity. Reuters
Broader market conditions were supportive on Monday, with U.S. stocks ending higher, while investors looked ahead to a week of key economic releases culminating in Friday’s U.S. jobs report, a Reuters market report said. Rate expectations can amplify moves in high-growth tech names around product news. Reuters
But CES keynotes can cut both ways: flashy demos without firm timelines can leave expectations overextended, and the AI trade has shown less patience for vague roadmaps. Competition from Nvidia in data-center GPUs and from Intel in PCs remains the downside scenario if launch schedules slip or demand cools.
Next up is Su’s 9:30 p.m. ET keynote, where investors will listen for partner announcements, product roadmaps and any update on MI400-related deployments. Wall Street Horizon lists AMD’s next earnings report as unconfirmed for Feb. 3 after the close. Wallstreethorizon
