New York, Jan 7, 2026, 10:28 EST — Regular session
- AMD shares fell about 2% in morning trade, lagging some chip peers
- Company set Feb. 3 for quarterly results after the close
- Investors eye Friday’s U.S. jobs report and late-January Fed meeting
Advanced Micro Devices shares fell 1.7% to $210.63 in morning trading on Wednesday, even as Nvidia rose 1.8% and Intel jumped 8.8%.
The slide comes a day after AMD set Feb. 3 for fiscal fourth-quarter and full-year results, with a conference call scheduled for 5 p.m. EST after the market close. AMD also said Chief Technology Officer Mark Papermaster will present at Morgan Stanley’s Technology, Media & Telecom Conference on March 3. Advanced Micro Devices, Inc.
At CES this week, AMD rolled out fresh hardware aimed at the AI buildout. The company and partners pitched its “Helios” rack-scale platform — built around MI455X accelerators — and said it can deliver up to 3 AI exaflops (a measure of computing speed). AMD also touted Ryzen AI 400 chips with a 60 TOPS NPU, or “trillions of operations per second” for on-device AI, with first systems shipping in January and broader availability in the first quarter. AMD
In a post-CES note, Morgan Stanley analyst Joseph Moore said the event did not “alter the debate around AMD stock,” while keeping focus on a ramp for MI455 later this year and calling OpenAI the anchor customer. Yahoo Finance
Macro data also tugged at rate-sensitive tech. U.S. job openings fell more than expected in November, and ADP data showed private payrolls rose by 41,000 in December, undershooting forecasts, as investors weighed what softer labor demand could mean for growth and rate expectations. Reuters+1
Traders now turn to the Labor Department’s monthly jobs report on Friday, Jan. 9, at 8:30 a.m. ET, ahead of the Federal Reserve’s next policy meeting on Jan. 27-28. Bureau of Labor Statistics+1
On the chart, AMD is hovering near closely watched support around $209, with a next support level near $204.50. Barchart data showed resistance around $221.10. Barchart.com
But the AI chip trade has stayed twitchy, with investors debating how long big cloud customers can keep spending at the current pace and what returns they can show for it. Investors.com
Next up for AMD is the Feb. 3 earnings release and webcast at 5 p.m. EST, with Papermaster’s March 3 conference appearance as the next scheduled corporate stop. Advanced Micro Devices, Inc.
