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Wajeeh Khan

As AMD Stock Breaks Below Key Support on Earnings Selloff, Should You Buy the Dip?

AMD Advanced Micro Devices Northland

Advanced Micro Devices (AMD) shares crashed as much as 17% on Wednesday as the company’s muted Q1 guidance overshadowed record financials it reported for its fourth quarter. The post-earnings weakness pushed AMD meaningfully below its major moving averages (50-day and 100-day), indicating bears have taken control across multiple timeframes. 

Versus its year-to-date high, AMD stock is now down more than 20%. 

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