New York, February 10, 2026, 16:27 (EST) — After-hours
- Shares of Advanced Micro Devices dipped roughly 1% in late trading following a volatile session.
- Wall Street’s Nasdaq slipped as investors digested flat U.S. retail sales and braced for Wednesday’s jobs report.
- AMD announced it has named former Salesforce exec Ariel Kelman as its new chief marketing officer, effective immediately.
Shares of Advanced Micro Devices Inc dipped 1.1% to $213.57 in after-hours trading Tuesday, following an intraday range between $219.05 and $213.22.
Investors stepped away from some big tech stocks following disappointing signals on U.S. consumer demand, ahead of Wednesday’s delayed January payrolls report. The S&P 500 and Nasdaq both slipped, but the Dow managed to nudge up to another record close, according to Reuters.
U.S. retail sales held steady in December, the Commerce Department reported, falling short of expectations for a 0.4% increase. “Signs of earlier consumer strength may be starting to falter,” noted Thomas Ryan, North America economist at Capital Economics, in a recent briefing. Reuters
Chip stocks showed a mixed picture. Nvidia fell 0.7%, closing at $188.54, whereas Intel dropped sharply by 6.2% to $47.13 in late trading.
AMD, pushing itself as a full-stack rival to Nvidia in AI hardware, named Ariel Kelman senior vice president and chief marketing officer on Monday, effective immediately. Ruth Cotter, AMD’s chief administrative officer, praised Kelman as “a proven marketing leader with deep experience building brands.” Kelman said he was “thrilled to join AMD.” Advanced Micro Devices, Inc.
Since last week’s forecast, AMD’s stock has seen ups and downs. The company projected quarterly revenue around $9.8 billion, with a $300 million margin on either side, while noting ongoing challenges from the dominant AI market. “The expectations for large blowout quarters for AI-related hardware companies have skewed what the market is looking for,” said Bob O’Donnell, president of TECHnalysis Research. Reuters
Markets have grown edgy worldwide. “We’re dealing with a sharply oversold market where even minor positive news can trigger a big move,” Keith Lerner, chief investment officer at Truist Advisory Services, told Reuters on Monday as tech stocks attempted to find their footing. Reuters
Wednesday’s nonfarm payrolls report — the monthly U.S. government count of jobs added outside agriculture — and Friday’s CPI inflation figures often move bond yields and reshape rate-cut expectations. Semiconductor stocks, known for their growth-driven valuations, usually respond swiftly to these shifts.
The risk is clear: hotter-than-expected jobs or inflation data could send yields soaring, squeezing high-multiple tech stocks once more. On the corporate front, AMD faces the challenge of proving its data-center AI chips will see sustained demand, especially against well-funded competitors and the custom silicon developed in-house by major clients.
AMD’s next key date is March 3, when it will take part in the Morgan Stanley Technology, Media & Telecom Conference — an event known for management updates that can shift market expectations.
