Advanced Micro Devices (NASDAQ:AMD) shares are dropping on Friday. The stock’s decline comes alongside the sell-off in broader markets, with the Nasdaq down 0.78% and the S&P 500 falling 0.44%.

Today's pullback in AMD shares appears to be more about the market than the company itself, suggesting that the dip reflects broader risk‑off sentiment rather than any fundamental shift in AMD's story.

Technical Analysis

The stock is currently trading 4.7% above its 20-day simple moving average (SMA) and 12.3% above its 100-day SMA, demonstrating longer-term strength. Shares have increased 102.91% over the past 12 months and are currently positioned closer to their 52-week highs than lows.

The RSI is at 65.84, which is considered neutral territory, while the MACD is above its signal line, indicating bullish momentum. The combination of neutral RSI and bullish MACD suggests mixed momentum, indicating that while the stock is strong, it may be nearing a point of consolidation.

• Key Resistance: $267.00
• Key Support: $200.00

Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $283.44. Recent analyst moves include:

• Wells Fargo: Overweight (Maintains Target to $345.00) (Jan. 30)
• UBS: Buy (Raises Target to $330.00) (Jan. 26)
• Piper Sandler: Overweight (Raises Target to $300.00) (Jan. 26)

Benzinga Edge Rankings: Below is the Benzinga Edge scorecard for Benzinga Edge scorecard for Advanced Micro Devices, highlighting its strengths and weaknesses compared to the broader market:

• Value Rank: 6.41 — Indicates a weak valuation relative to peers.
• Quality Rank: 88.34 — Reflects a strong balance sheet and operational efficiency.
• Momentum Rank: 93.13 — Suggests that the stock is outperforming the broader market.

The Verdict: Advanced Micro Devices’s Benzinga Edge signal reveals a classic “High-Flyer” setup. While the Momentum (93) confirms the strong trend, the low Value (6.41) score warns that the stock is priced for perfection. Investors should ride the trend but use tight stop-losses.

AMD Price Action: Advanced Micro Devices shares were down 4.48% at $240.98 at the time of publication on Friday, according to Benzinga Pro.

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