New York, Jan 31, 2026, 10:58 EST — Market closed.
- AMD dropped 6.1% on Friday, falling more sharply than the wider tech sell-off.
- A report highlighting potential timing issues with the MI450 AI chip weighed on sentiment ahead of the Feb. 3 earnings release.
- Rising producer-price figures and uncertainty over upcoming Fed leadership added to the strain on growth stocks.
Advanced Micro Devices Inc shares dropped 6.1% to close at $236.73 on Friday, breaking a streak of gains. Investors offloaded chip stocks amid month-end macro jitters and rising uncertainty over when the company will launch its next major AI product.
The stock slid after a report suggested potential delays with AMD’s MI450-series AI accelerators—these are the top-tier chips for training and running AI models. Wells Fargo analyst Aaron Rakers dismissed the concerns as “overblown” and said he “would be a buyer on stock weakness,” according to a Nasdaq.com report. (Nasdaq)
AMD will release its fiscal fourth-quarter and full-year 2025 earnings on Tuesday, Feb. 3, right after the market closes. The company has scheduled a conference call for 5:00 p.m. EST. (Advanced Micro Devices, Inc.)
Friday’s session was tough for rate-sensitive tech stocks. The Nasdaq Composite dropped 0.94%, pressured by investors digesting President Donald Trump’s pick of Kevin Warsh to replace Federal Reserve Chair Jerome Powell, mixed results from mega-cap earnings, and ongoing inflation concerns. (Reuters)
Earlier today, a stronger-than-forecast U.S. producer-price report sent yields climbing. The producer price index jumped 0.5% in December, marking its largest increase since July. Carl Weinberg, chief economist at High Frequency Economics, noted this “validates the pivot of the Fed away from labor market risks back toward price stability.” (Reuters)
The macro environment is clashing with a crucial week for AI-related stocks. Sid Vaidya, chief investment strategist at TD Wealth, noted, “It did confirm that capex spending on building out AI infrastructure will not see any letup.” Investors are zeroing in on earnings and spending outlooks, while next week’s U.S. jobs report looms as a key risk barometer. (Reuters)
The MI450 is crucial to AMD’s AI plans for 2026. AMD and OpenAI have announced that the initial rollout of AMD Instinct MI450 GPUs will start in the latter half of 2026, backed by a multi-gigawatt infrastructure deal. (Advanced Micro Devices, Inc.)
The selloff hit more than just AMD. Nvidia also slipped, while Intel plunged significantly on Friday, dragging the broader semiconductor sector down as the weekend approached.
AMD faces a real risk if actual results falter—or if its messaging stumbles—prompting a rethink of expectations tied to AI accelerators, data-center demand, and pricing. Should the outlook weaken, rising bond yields could leave the stock vulnerable.
Investors are zeroing in on one key event Monday: AMD’s Feb. 3 earnings report and conference call. Traders want clear updates on the MI450 rollout and a read on demand trends heading into 2026.
