For those reasons, investors should consider the $120 the “Trigger Price” for a wave of selling on AMD stock. From a long-term perspective, AMD has been in a bear market trend since December. In December the stock broke below its 20-month moving average. AMD maintains a bearish outlook with a price target of $100.

Advanced Micro Devices shares extended their recent run of declines Wednesday after a top Wall Street analyst cautioned that the chipmaker could continue to trail its peers' performance well into the new year.

Many are wondering about how much it’ll cost, and a reliable leaker just shared the rumored pricing of the RX 9070 XT. Reportedly, it’s going to be cheaper than Nvidia’s RTX 5070. The information comes from zhangzhonghao on the Chiphell forums.

Nvidia and AMD unveiled innovative products at CES 2025, showcasing advancements in AI and computing technology with strong sales growth.