AMD experienced an exciting year. The stock rose over 100% in the year of 2026, reaching an all-time high of $584 in June. Then it experienced a slowdown. AMD reported excellent Q2 earnings on August 4, but the stock declined along with the whole chip sector. As of August 11, 2026, the stocks of AMD are around $469. The short-term chart has slightly declined, but overall performance is still solid.
Key price levels to watch
The graph depicts a stock that is currently undergoing a healthy retracement in price. The crucial immediate support level is at the $450 range and the stronger support level lies at around $400 for the bulls. The important price at the beginning of the trip up is at $486 as both the 50-day Moving Average and 200-day Moving Average collide there. Moreover, the next important price is at $530, followed by the all-time high of the price recorded in June at $584 and then the next major level of resistance at $625.
The current price movement pattern is quite troublesome for any investor and trader at this time. AMD stock is trading below the necessary moving averages, which leads to weak momentum in this regard. However, at the same time, RSI is suggesting some positive steps ahead as the current price level is near the level of neutral RSI, meaning there is a chance of price reversal in the near future.
Why the story looks strong
AMD earned $11.5 billion in Q2 revenue, surpassing expectations. Adjusted earnings were reported as $1.66 per share. The highlight was the data center revenue, which has grown more than twice as compared to the previous year. Furthermore, AMD announced partnership deals with Anthropic and Microsoft in July for the deployment of its Instinct MI450 processors. Following the earnings report, Argus increased its price target to $625, and Rosenblatt set a target of $700.
Overall, the larger chart still supports an upside direction into December. If the support at $450 still holds, and AMD returns to $486, an end-of-the-year target at $550–$625 is quite feasible. Only a breakdown below $400 would change the overall trend.