As of February 7, 2025, AMD’s stock closed at $107.56, marking a 2.36% decline over the past 24 hours. The stock has been on a downward trajectory since its all-time high of $211.38 on March 7, 2024, reflecting a significant decrease over the past year.
In the third quarter of 2024, AMD reported revenues of $6.8 billion, an 18% increase year-over-year. This growth was primarily driven by higher sales of EPYC and Instinct data center products, as well as robust demand for Ryzen PC processors. The Data Center segment achieved record revenue of $3.5 billion, up 122% year-over-year.
However, in the fourth quarter of 2024, despite a 24% year-over-year increase in revenue to $7.66 billion, AMD’s data center sales fell short of expectations. The Data Center segment reported revenue of $3.86 billion, missing the anticipated $4.12 billion. This shortfall was attributed to disappointing results in the AI chip sector and increased competition from companies like Nvidia.
Technically, AMD’s stock continues to trade within a descending channel, characterized by lower highs and lower lows. Key support levels to monitor include $110, $95, and $81. A decisive close below $110 could lead to further declines toward the $95 level. On the upside, resistance is expected around $130, where selling pressure may intensify.
The combination of unmet revenue expectations in key segments, intensified competition, and ongoing technical weakness suggests that AMD remains in a bearish trend. Investors should closely monitor upcoming earnings reports and market developments to assess whether the company can overcome these challenges and reverse its current trajectory.
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