AMD Recovers From 62% Value Wipeout, Faces Q1 Earnings Test: Can It Break Long-Term Resistance?

Zinger Key Points

Advanced Micro Devices Inc. AMD will report its first-quarter earnings after today’s market closes.

Wall Street expects earnings per share of 94 cents and revenue of $7.13 billion. The chipmaker's stock is up 20.27% over the past month, although it’s still down 16.61% year to date and off 35.43% from last year.

Advanced Micro Devices, or AMD, lost 62% of its market capitalization between March 2024 and early April 2025. The stock appears to be recovering now, though earnings results could play a big role here.

Let's look at the charts ahead of AMD's big reveal and see how the stock compares to Wall Street's expectations.

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AMD Stock Traders Riding Bullish Momentum

Chart created using Benzinga Pro

AMD stock is showing strong short-term momentum, trading above its five-day, 20-day, and 50-day exponential moving averages — a setup considered strongly bullish. The current stock price of $100.59 is above its eight-day simple moving average (SMA) of $97.88, the 20-day SMA of $93.12 and the 50-day SMA of $98.24 – all reinforcing a bullish bias.

That said, longer-term signals still warrant caution. AMD stock is trading below its 200-day SMA of $128.51, a bearish sign. However, the Moving Average Convergence Divergence (MACD) indicator is bullish at 0.24. The Relative Strength Index (RSI) is at 56.32, indicating the stock is neither overbought nor oversold.

Traders are riding a bullish short-term trend, but AMD must still reclaim its long-term moving averages to confirm a full reversal.

AMD Analysts See 26% Upside

Ratings & Consensus Estimates: The consensus analyst rating on AMD stock stands at a Buy currently with a price target of $143.60. Three recent analyst calls — from Seaport Global, Stifel, and Susquehanna — average to a price target of $125.67, suggesting an implied upside of 25.89% from current levels.

Price Action: AMD stock was trading at $100.59 at publication.

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