AMD's Bullish Breakout and Earnings Report: What's Next?

Advanced Micro Devices (AMD) is catching attention as it heads into its earnings report.  He's holding through earnings despite the risk, backed by solid profits already locked in. His advice? "You do you. Not financial advice." With earnings just around the corner, let's take a closer look at what the chart is saying and what could be next for AMD.

The Technical Picture

Trader TA recently shared his confidence in the stock, noting that AMD broke out from a Stage 1 base four weeks ago and is unlikely to top out now.

AMD's chart is showing some promising signals:

• Stage 1 breakout: AMD pushed through consolidation a few weeks back and has surged 37% since—a classic sign of a new bullish trend starting
• Key levels: Support sits around $190, while resistance is at $240. A break above $240 could open the door to $260 or higher
• Volume and momentum: Trading volume has spiked, showing strong investor interest. The 50-day moving average just crossed above the 200-day (the "golden cross"), which often signals more upside ahead
• RSI: Not overbought yet, meaning there's still room for the stock to climb before hitting exhaustion

What's Fueling the Rally?

AMD's been on a tear thanks to its competitive edge in CPUs and GPUs. The company's taking market share from Intel and NVIDIA, especially in gaming and data centers. Earnings have been strong, demand is high, and investor sentiment is through the roof. All of this has turned AMD into a growth investor favorite.

The big question now is whether AMD can deliver when it reports in two days. Investors will be laser-focused on revenue, earnings per share, and—most importantly—guidance for the next quarter. A beat could send the stock toward $260–$280. A miss or weak guidance might trigger a pullback toward $200. Either way, expect volatility.

AMD's breakout looks legit, and the technicals are backing it up. But earnings are always a wildcard. If the company delivers, the uptrend could keep rolling. If not, don't be surprised to see some short-term pain. For now, the momentum is with the bulls.