AMD (AMD) shares had climbed 4%, and most of the semiconductor sector followed suit, one day ahead of the company’s fourth quarter financial results and guidance.
However, Nvidia (NVDA), the industry stalwart and AMD’s most significant competitor, had inched down 1% following reports that the Jensen Huang-led company might not invest a full $100B in OpenAI (OPENAI). However, Huang fired back at suggestions he wasn’t satisfied with OpenAI’s results.
“I believe in OpenAI,” he said. “The work that they do is incredible. They’re one of the most consequential companies of our time.”
Nvidia plans to be involved in OpenAI’s current funding round.
Meanwhile, AMD is slated to deliver its fourth quarter 2025 earnings and outlook post-market on Tuesday, Feb. 3. A consensus estimate expects AMD to report quarterly revenue of $9.67B compared to $7.66B during Q2 2024.
Wall Street analysts continue to rate AMD as a Buy, while Seeking Alpha’s Quant system rates it a Strong Buy.
Most semiconductor companies followed AMD higher during Monday trading. The Philadelphia Semiconductor Index (SOX) was up 2%. Taiwan Semiconductor Manufacturing (TSM) had increased 3%, while Intel (INTC) had jumped 5%.
Memory makers such as Micron (MU) and Seagate Technology (STX) were both up 5%. Western Digital (WDC) and Sandisk (SNDK) had popped up 7% and 15%, respectively. Sandisk has continued its monumental rally with its share price nearly tripling year to date.
Analog chipmakers were also trending higher on Monday. Texas Instruments (TXN) had increased 2.6%, Analog Devices (ADI) was up 1.7%, and Infineon Technologies (IFNNY) had inched up 1%.
Broadcom (AVGO) and Marvell (MRVL) had both inched lower by 0.3% and 0.9%, respectively.