NEW YORK, March 1, 2026, 10:43 (EST) — The market is now closed.
- AMD fell 1.7% on Friday, then edged lower once more in after-hours trading as chip stocks lost steam.
- Nvidia slid after earnings, weighing on rivals even as speculation swirled around fresh AI chip supply deals.
- Up next for traders: Broadcom’s earnings and the U.S. jobs report, both due March 6.
Advanced Micro Devices (AMD.O) ended Friday’s session at $200.21, slipping 1.7%. Shares ticked lower after the bell, giving up another 0.4% to $199.35. 1
U.S. markets are closed for the weekend, leaving AMD headed into Monday with chip stocks showing fatigue, though not outright weakness. Investors now face a call: was the latest slide in prices simple profit-taking after recent gains, or a warning that a bigger pullback could be coming?
There’s little time to catch a breath before the next event: the February U.S. jobs numbers are out Friday, March 6. A Reuters poll is looking for a 60,000-job bump, down from January’s 130,000. Broadcom steps up Wednesday with earnings, giving investors more AI-related clues. “The market is ‘trying to find the winners and losers’ from AI and is ‘treading water,’” said John Velis, Americas macro strategist at BNY. 2
Semiconductor stocks have lost some momentum. On Friday, the Philadelphia SE Semiconductor index (.SOX) dropped 1.2%, with Nvidia (NVDA.O) shedding 3.5% despite reporting solid earnings. Talley Leger, chief market strategist at The Wealth Consulting Group, put it this way: the sector has “priced in a lot of good news” and now “it is time for a breather.” 3
Nvidia’s latest earnings failed to resolve the larger question about who ultimately owns the AI profit pool. Shares dropped 4% Thursday. Jacob Bourne, analyst at eMarketer, flagged that “the competitive picture is also shifting” — customers such as Meta are now turning to AMD, while major cloud firms ramp up investment in their own custom-designed chips. 4
AMD is still working through the implications of a major announcement from earlier this week: a deal to supply Meta Platforms (META.O) with as much as $60 billion worth of AI chips over the next five years. Meta also gets the right to snap up as much as 10% of AMD. CEO Lisa Su described the MI450 hardware as being tailored for “inference”—the phase where AI systems generate responses for users. The agreement throws in a warrant covering 160 million AMD shares at just $0.01 each, contingent on stock price and performance milestones. Su called the arrangement a “big bet” for Meta. Over at Hargreaves Lansdown, Matt Britzman viewed it as Meta “locking in supply.” 5
The company’s 8-K filing outlined both the warrant for share purchases and a registration rights agreement connected to the Meta deal. 6
Still, the tape isn’t short on hazards. Renewed Middle East jitters—fueled by U.S. and Israeli strikes on Iran—have reignited energy market volatility and brought inflation worries back to the surface. That’s a setup that could easily ripple into crowded, high-multiple tech stocks. 7
AMD holders are watching to see if buyers step back in when the bell rings, or if shares just follow the chip sector’s drift lower. Friday, March 6, brings the U.S. jobs report—the next clear milestone.
