AMD Stock: From Collapse to Comeback – Key Level Breaks on $10B Deal

With the help of collaborations, softening economy, and earnings beats, Advanced Micro Devices is making a resurgence after losing 70% of

Can AMD stock price reach 2024 highs again?

Quick overview

  • Advanced Micro Devices (AMD) has rebounded from a 70% decline, with shares rising over 70% from their 2024 lows.
  • The recovery is fueled by a combination of strong earnings, easing U.S.-China trade tensions, and a new AI partnership with a Saudi firm.
  • Despite the recent gains, AMD's stock remains nearly 50% below its all-time high, facing technical resistance around the $113–$115 range.
  • While early signs of a turnaround are evident, ongoing concerns about AI adoption and market volatility persist.

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With the help of collaborations, softening economy, and earnings beats, Advanced Micro Devices is making a resurgence after losing 70% of its value.

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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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