AMD has not had a significant retrace since the bottom on 4-21-2025 and is overdue for one.
AMD stock dropped ~4% after the previous "Advancing AI" event on 10-10-2024, and went into correction over a 2 week period following.
Note that AMD stock did not sustain positive momentum today after the Saudi Arabia cloud news, lending more weight to buyer exhaustion in the short term.
AMD stock dropped ~4% after the previous "Advancing AI" event on 10-10-2024, and went into correction over a 2 week period following.
Note that AMD stock did not sustain positive momentum today after the Saudi Arabia cloud news, lending more weight to buyer exhaustion in the short term.
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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.