NEW YORK, March 1, 2026, 10:43 (EST) — Market closed.
- AMD ended Friday down 1.7% and slipped again after hours as chip stocks cooled.
- Nvidia’s post-earnings drop kept pressure on peers, despite fresh talk of new AI chip supply deals.
- Traders next focus on Broadcom results and the U.S. jobs report on March 6.
Advanced Micro Devices (AMD.O) shares closed down 1.7% at $200.21 on Friday. The stock eased 0.4% in after-hours trade to $199.35. 1
With U.S. markets shut for the weekend, AMD goes into Monday with the chip trade looking tired, not broken. Investors are weighing whether the last dip is just profit-taking after a big run, or the start of a deeper reset.
The next catalyst comes fast. The February U.S. jobs report is due Friday, March 6, and a Reuters poll expects 60,000 jobs added after January’s 130,000 gain; Broadcom reports on Wednesday, another read-through for AI-linked demand. John Velis, Americas macro strategist at BNY, said the market is “trying to find the winners and losers” from AI and is “treading water.” 2
The broader backdrop has turned less friendly for semiconductors. The Philadelphia SE Semiconductor index (.SOX) fell 1.2% on Friday as Nvidia (NVDA.O) slid 3.5%, even after posting strong results. Talley Leger, chief market strategist at The Wealth Consulting Group, said the group has “priced in a lot of good news” and it is “time for a breather.” 3
Nvidia’s earnings didn’t settle the bigger debate about who keeps the AI profit pool. After Nvidia fell 4% on Thursday, Jacob Bourne, an analyst at eMarketer, said “the competitive picture is also shifting” as customers like Meta diversify toward AMD and big cloud players put more money into custom silicon — chips designed in-house. 4
AMD, for its part, is still digesting a customer win announced earlier this week: it agreed to sell up to $60 billion of AI chips to Meta Platforms (META.O) over five years, with Meta holding an option to buy up to 10% of AMD. AMD CEO Lisa Su said the MI450 hardware is built for “inference” — the stage where AI models answer users’ prompts — and the deal includes a warrant for 160 million shares at $0.01 apiece that vests with stock and performance targets; Su called it a “big bet” by Meta, while Hargreaves Lansdown’s Matt Britzman said Meta was “locking in supply.” 5
A separate 8-K filing listed the warrant to purchase shares and a registration rights agreement tied to the Meta pact. 6
But there are other risks sitting on the tape. Fresh Middle East tension after U.S. and Israeli strikes on Iran has put energy markets and inflation fears back in view, and that can spill into high-multiple tech names. 7
For AMD investors, the near-term question is simple: does the stock find buyers again once trading resumes, or does it track the broader chip group lower. The next hard date on the calendar is Friday, March 6, with the U.S. jobs report.
