Eseandre Mordi
⬤ Advanced Micro Devices shares climbed into late January, reaching technically sensitive territory in the mid-$250s after bouncing from December lows. The stock now sits at a former resistance zone just as market attention turns to Meta Platforms' earnings report, which could determine AMD's next move.
⬤ If Meta signals strong data center spending, AMD could break higher toward $272 in the near term. The chart structure supports this scenario—AMD has recaptured key moving averages and momentum indicators have improved, setting the stage for follow-through if sector news turns positive.
⬤ But there's a downside case too. Without clear positive signals from Meta on spending trends, AMD could lose steam and slide back to the $237-$242 support zone, an area that previously held during consolidation. Recent momentum gains haven't eliminated the stock's dependence on external catalysts.
⬤ The stakes are high because AMD is trading at a pivot point where broader semiconductor sentiment may be shaped more by hyperscaler guidance than by chart patterns alone. Meta's outlook on AI and data center investment could ripple across the sector—either reinforcing AMD's recovery or triggering renewed volatility and consolidation.
Eseandre Mordi
