📊 Technical Analysis
AMD looks poised for a breakout continuation, with multiple technical signals aligning:
Price recently flipped major historical support/resistance (~$132.75–133.18), a level that has acted as a launchpad multiple times in the past (highlighted by the boxed reactions).
After a strong rally, a pullback into this zone (marked by the arrow) would be healthy and may offer a prime long opportunity if the level holds.
Bullish projection targets a move toward the next key resistance area around $184.52, followed by a long-term fib extension / prior high zone at $226–227.60.
Structure remains clean – bullish continuation pattern after a breakout from a prolonged range.
⚙️ Macro & Fundamental Drivers
🧠 AI & Data Center Tailwinds
AMD continues to be a major beneficiary of the AI boom, especially with its MI300X AI GPU chips entering competition with Nvidia's offerings.
Big cloud customers (Microsoft, Meta, Amazon) are increasing adoption of AMD’s accelerators in 2025 deployments.
Analysts are increasingly bullish on AMD’s data center market share gains in 2H 2025.
💼 Earnings Momentum
Strong recent earnings report beat both revenue and EPS expectations.
Forward guidance remains upbeat, driven by AI, custom silicon, and embedded segments.
Gross margins expanding — indicating strong operational leverage.
📉 Rate Cut Hopes + Tech Rotation
Markets are pricing in Fed rate cuts late 2025, improving sentiment for high-beta tech.
Institutional flows are rotating back into semiconductors after a Q2 pullback.
🇺🇸 CHIPS Act Support
U.S. government funding continues to support domestic chip production, indirectly benefiting AMD by bolstering its supply chain and CapEx plans.
🎯 Trade Setup
Entry Zone: $133–138 (retest zone / support flip)
Stop Loss: Below $130
Target 1: $184.52
Target 2: $203.71
Target 3 (Stretch): $226–227
⚠️ Risks
Macro risks: Unexpected Fed hawkishness or broader tech selloff.
Competitive risks from Nvidia or delays in data center adoption cycles.
📌 Conclusion
AMD is retesting a critical structural level with strong bullish momentum. With the AI narrative heating up, macro tailwinds forming, and technicals aligned, this could be the next major breakout candidate in the semiconductor space.
AMD looks poised for a breakout continuation, with multiple technical signals aligning:Price recently flipped major historical support/resistance (~$132.75–133.18), a level that has acted as a launchpad multiple times in the past (highlighted by the boxed reactions).
After a strong rally, a pullback into this zone (marked by the arrow) would be healthy and may offer a prime long opportunity if the level holds.
Bullish projection targets a move toward the next key resistance area around $184.52, followed by a long-term fib extension / prior high zone at $226–227.60.
Structure remains clean – bullish continuation pattern after a breakout from a prolonged range.
⚙️ Macro & Fundamental Drivers
🧠 AI & Data Center Tailwinds
AMD continues to be a major beneficiary of the AI boom, especially with its MI300X AI GPU chips entering competition with Nvidia's offerings.
Big cloud customers (Microsoft, Meta, Amazon) are increasing adoption of AMD’s accelerators in 2025 deployments.
Analysts are increasingly bullish on AMD’s data center market share gains in 2H 2025.
💼 Earnings Momentum
Strong recent earnings report beat both revenue and EPS expectations.
Forward guidance remains upbeat, driven by AI, custom silicon, and embedded segments.
Gross margins expanding — indicating strong operational leverage.
📉 Rate Cut Hopes + Tech Rotation
Markets are pricing in Fed rate cuts late 2025, improving sentiment for high-beta tech.
Institutional flows are rotating back into semiconductors after a Q2 pullback.
🇺🇸 CHIPS Act Support
U.S. government funding continues to support domestic chip production, indirectly benefiting AMD by bolstering its supply chain and CapEx plans.
🎯 Trade Setup
Entry Zone: $133–138 (retest zone / support flip)
Stop Loss: Below $130
Target 1: $184.52
Target 2: $203.71
Target 3 (Stretch): $226–227
⚠️ Risks
Macro risks: Unexpected Fed hawkishness or broader tech selloff.
Competitive risks from Nvidia or delays in data center adoption cycles.
📌 Conclusion
AMD is retesting a critical structural level with strong bullish momentum. With the AI narrative heating up, macro tailwinds forming, and technicals aligned, this could be the next major breakout candidate in the semiconductor space.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.