New York, Jan 10, 2026, 11:57 EST — Market closed
- AMD dropped 0.7% on Friday, closing the week down roughly 8%
- The chip-stock index soared to a record high, though AMD trailed behind the pack
- Upcoming triggers include the U.S. CPI release on Jan. 13 and AMD’s earnings report on Feb. 3
Advanced Micro Devices (AMD.O) shares dropped 0.74% on Friday, closing at $203.17, according to data. This followed a 2.54% decline the previous day. Since Monday’s close, the stock has fallen roughly 8%, lingering just above the $200 mark after peaking at $234.02 intraday on Jan. 5. 1
The recent dip happened even as chip stocks climbed, with the PHLX semiconductor index jumping 2.7% to hit a record high, and the S&P 500 also closing at an all-time peak. “Investors are getting granular and picking the winners and losers,” noted Zachary Hill, head of portfolio management at Horizon Investments. 2
U.S. stocks climbed Friday after a jobs report revealed that December hiring was weaker than anticipated, leaving hopes for rate cuts mostly unchanged. “Payrolls were a little bit light relative to consensus, but still fairly strong numbers,” noted Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. 3
AMD has pulled back following CEO Lisa Su’s CES keynote this week, where she unveiled new AI chips like the MI455 for data centers and the enterprise-targeted MI440X designed for on-premises use. The company also gave a sneak peek at its 2027 MI500 series. Nvidia responded with its own next-gen platform details, highlighting the rapid pace of competition in AI silicon. 4
AMD announced it will release its fiscal fourth-quarter and full-year 2025 earnings on Feb. 3, after the market closes. A conference call is scheduled for 5:00 p.m. EST. 5
The upcoming report is the real checkpoint. Investors want clarity on how quickly AI accelerators — those high-end graphics processors powering AI model training and inference — will scale. They’re also watching to see if the company can convert its product plans into immediate data-center sales without sacrificing too much margin.
Traders face one more macro challenge before then: the Consumer Price Index (CPI), the key inflation metric from the government, arrives on Jan. 13. A stronger-than-expected reading could send Treasury yields higher and weigh on pricey chip stocks, even if product updates look solid. 6
The Federal Reserve is set to hold its next policy meeting on Jan. 27-28. Markets often adjust swiftly ahead of this date, with semiconductors typically among the first sectors to react to shifts in rate expectations. 7
AMD’s position still has clear risks. Nvidia dominates the data-center AI space, and any hiccup with software readiness, customer rollouts, or supply shortages—especially of high-bandwidth memory—could trap AMD’s stock in a relentless catch-up game.
Monday’s session will put AMD’s ability to hold the $200 level under the microscope, as investors see if the chip rally broadens beyond just a handful of leaders. The next major event on the calendar is AMD’s earnings report, set for after the close on Feb. 3.
