AMD stock slips in regular trade as CES buzz fades and Feb. 3 earnings loom

7 January 2026

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.

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.

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.

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.

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.

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.

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Khadija Saeed is a financial markets reporter at TS2.tech. Her coverage ranges from stocks and technology to emerging industries and developments across global markets. She studied economics and finance at the London School of Economics and worked in market research before becoming a financial journalist. Follow Khadija Saeed on Google News.

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