AMD stock extends 34% rebound as new EPYC chips support momentum

AMD stock extends 34% rebound as new EPYC chips support momentum
AMD tests the 50-day SMA

​AMD is extending its sharp rebound as new EPYC launches and Samsung cooperation reinforce the AI infrastructure story. After a 34% surge in three sessions, the 50-day SMA near $548.60 is the key hurdle before $561 comes into view.

AMD price prediction
24H 1.82%
$533.57
48H 2.94%
$539.45
7D 2.02%
$534.66
1M -27.92%
$377.73
3M -37.81%
$325.89
6M -41.49%
$306.62
12M 49.94%
$785.75
Current price: $524.05 -61.5600 10.51%
Closed 11/13
Daily range 520.01 Arrow from to Icon 571.14
Weekly range 481.78 Arrow from to Icon 594.00
Loading...

AMD announced the start of shipments for its sixth-generation EPYC server processors based on the Zen 6 architecture. The new lineup is aimed at AI infrastructure and enterprise computing. The company also expects servers powered by the new chips to become available through Microsoft Azure and Oracle Cloud Infrastructure.

On November 11, Yonhap reported that AMD is working with Samsung Electronics on the deployment of EPYC Embedded 9006 processors. The partnership is expected to combine AMD’s new computing solutions with Samsung’s memory and storage technologies.

The positive product news helped AMD maintain its recovery momentum despite the CPI release. Hotter inflation strengthened expectations of a Federal Reserve rate hike in December, with markets beginning to price in the possibility of a 50-basis-point increase.

A break above 50 SMA could send AMD toward $561

The scenario outlined previously played out in full. AMD stock reached the $480 target and continued higher above $500, eventually testing $539.25.

In premarket trading on November 11, the stock is near $544, approaching the 50-day SMA around $548.60. A break above the moving average followed by a sustained move higher could accelerate the advance toward resistance at $561.

After gaining more than 34% from the recent low in just three trading sessions, however, the stock may begin to lose momentum and move into a short period of consolidation.

If a doji candle forms on elevated trading volume and the price fails to establish itself above the 50-day SMA, a pullback toward support at $526 could follow.

Sharp rebound leaves AMD vulnerable to profit-taking

Despite the strong recovery, macroeconomic risks remain in place. Faster inflation and expectations of further Federal Reserve tightening could limit demand for technology stocks, particularly after such a sharp advance.

AMD’s new products continue to support the company’s longer-term outlook, but they do not rule out short-term profit-taking. The market’s reaction near the next resistance level will therefore be an important test of how durable the current rebound is.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.