New York, Feb 10, 2026, 05:05 EST — Premarket
- In early premarket action, AMD shares hovered near $216.
- The stock closed Monday up 3.53% at $215.80, recovering from last week’s drop after earnings.
- Traders this week have their eyes on U.S. payrolls Wednesday and CPI Friday—both crucial for those betting on rate cuts.
Shares of Advanced Micro Devices traded near $216 in early premarket hours on Tuesday, holding steady after a strong bounce in chip stocks as investors braced for a busy slate of U.S. economic data.
The setup is crucial since AMD has served as a quick gauge for risk appetite in AI-related hardware following last week’s selloff. Major macro figures can shift rate expectations, which tend to impact long-duration growth stocks first.
Semiconductors played a key role in Monday’s tech rally, with the Philadelphia SE Semiconductor index climbing 1.4% as investors looked past “AI-sparked” concerns. Reuters
AMD finished Monday up 3.53%, closing at $215.80, with the stock hitting a session high of $217.59, data from Investing shows.
The stock has been volatile since the company lowered its outlook earlier this month. AMD projected first-quarter revenue around $9.8 billion, give or take $300 million, down from $10.27 billion the previous quarter. Shares dropped right after, as investors weighed its profitability against Nvidia’s.
“Expectations for massive blowout quarters from AI hardware firms have distorted market outlooks,” Bob O’Donnell, president of TECHnalysis Research, told Reuters back then. Reuters
AMD CEO Lisa Su described the situation in China as “dynamic” during the call and dismissed concerns about a global memory-chip shortage limiting the company’s growth in the second half. She stated, “I do not believe that we will be supply-limited in terms of the ramp that we put in place.” Reuters
Lately, the tape has resembled classic dip-buying instead of a new catalyst tied to AMD. “There’s a kind of buy-the-dip mentality,” said Oliver Pursche, senior vice president and advisor at Wealthspire Advisors, in a Reuters markets wrap on Monday. Reuters
The risk remains clear: if this week’s inflation numbers surprise on the upside or the labor market proves more resilient than expected, bond yields could spike, putting pressure on already pricey chip stocks. AMD is also under scrutiny following its forecast, with investors wondering if it can close the gap with Nvidia in AI systems and profit margins, where Nvidia has signaled significantly higher targets.
Traders are focused on Wednesday’s January nonfarm payrolls report and Friday’s January CPI data for clues on the next move in rate-cut expectations — which will likely influence where AMD stock lands after its recent rebound.
