--- title: "AMD Stock Reverses Morning Gains, Slowly Recovers After Google AI Deal" type: "News" locale: "en" url: "https://longbridge.com/en/news/305049910.md" description: "AMD stock reversed morning gains but slowly recovered on Tuesday, driven by a new cloud processor deal with Google and capital rotation from rival Nvidia amid governance concerns. The partnership involves AMD's EPYC processors powering Google's TPU 8tx system for confidential computing. Wall Street sentiment remains positive, with analysts maintaining an average price target of $616.89 and Oppenheimer upgrading AMD to Outperform. Technically, the stock is attempting to transition from a pullback into a new uptrend." datetime: "2026-11-10T17:17:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/305049910.md) - [en](https://longbridge.com/en/news/305049910.md) - [zh-HK](https://longbridge.com/zh-HK/news/305049910.md) generator: "portal-rs" --- # AMD Stock Reverses Morning Gains, Slowly Recovers After Google AI Deal After a morning of its stock surging, **Advanced Micro Devices Inc.** (NASDAQ:AMD) was heading down before a slight reversal on Tuesday as investors could be responding to an expanded cloud infrastructure agreement with **Alphabet Inc.**’s (NASDAQ:GOOGL) **Google** and rotated capital away from rival **NVIDIA Corp.** (NASDAQ:NVDA). **• What’s going on with AMD stock today?** Google unveiled its new TPU 8tx artificial intelligence computing system on Monday, selecting AMD’s fifth-generation EPYC processors to power the platform alongside its in-house AI chips. The system targets confidential computing, which safeguards sensitive data while programs run. Google Cloud executive **Mark Lohmeyer** stated that the partnership brings hardware-enforced confidential computing to cloud TPUs for the first time. **Read Also: Corning to Caterpillar: The AI ‘Picks and Shovels’ Trade Caves In** ## **Rival Headwinds Trigger Rotation** Trading desks directed capital out of Nvidia and into AMD following corporate governance developments at the semiconductor designer. Nvidia stock declined after its board launched an independent investigation into CEO **Jensen Huang**’s personal relationships. Leadership uncertainty prompted market participants to reallocate funds directly toward AMD. Wall Street sentiment remains largely positive toward the semiconductor manufacturer. The consensus price target among 34 equity analysts tracked stands at $616.89, representing potential upside of 15.6% from current levels. **Oppenheimer** upgraded AMD on Monday, from Perform to Outperform with a $600 price forecast. ## **Technical Analysis** AMD is trading 2.5% above its 20-day SMA and 1.1% above its 100-day SMA, but still 3% below its 50-day SMA — an important tell that the stock is trying to transition from a pullback into a new leg higher. The bigger-picture trend remains constructive with price 27.2% above the 200-day SMA, even though the 20-day SMA sitting below the 50-day SMA keeps near-term trend pressure in place. RSI at 51.07 is neutral, which suggests this bounce isn’t "stretched" yet and has room to build if buyers keep control. - **Key Resistance**: $579 — Nearby ceiling that lines up with a prior pivot zone and sits above the 50-day SMA area where rallies can fade - **Key Support**: $502.50 — Nearby floor that’s close to recent consolidation territory and helps define the current pullback’s risk level Zooming out, the stock’s major turning points still frame the current setup: a swing high and 52-week high formed in October, followed by a swing low in November when momentum washed out. Since then, the chart has been working back into an uptrend structure, but reclaiming the 50-day moving average area is the cleaner technical "confirmation" bulls typically want. **AMD Stock Price Activity:** AMD shares were up 0.50% at $511.13 at the time of publication on Tuesday, according to Benzinga Pro data. **Read Also: Trump Says ‘I Know The FBI Is Looking Into It’ as Nvidia CEO Jensen Huang Faces Scrutiny Over Suspected Chinese Spy Allegations** *Image via Shutterstock* **See More: Top Momentum Stocks** ### Related Stocks - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [AMDC.US](https://longbridge.com/en/quote/AMDC.US.md) - [AMDD.US](https://longbridge.com/en/quote/AMDD.US.md) - [AMDG.US](https://longbridge.com/en/quote/AMDG.US.md) - [AMDL.US](https://longbridge.com/en/quote/AMDL.US.md) - [AMDS.US](https://longbridge.com/en/quote/AMDS.US.md) - [AMDU.US](https://longbridge.com/en/quote/AMDU.US.md) - [AMDW.US](https://longbridge.com/en/quote/AMDW.US.md) - [AMDY.US](https://longbridge.com/en/quote/AMDY.US.md) - [AMUU.US](https://longbridge.com/en/quote/AMUU.US.md) - [AMYY.US](https://longbridge.com/en/quote/AMYY.US.md) - [DAMD.US](https://longbridge.com/en/quote/DAMD.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) ## Related News & Research - [AMD Lands Key Role in Google's New AI Chip System as Nvidia Rivalry Intensifies](https://longbridge.com/en/news/304902478.md) - [AMD's AI Data Center Guarantees Reach $8.5 Billion as It Challenges Nvidia](https://longbridge.com/en/news/304321548.md) - [These Analysts Revise Their Forecasts On AMD After Q3 Results](https://longbridge.com/en/news/304279514.md) - [AMD forecast eases AI spending fears as data-center sales surge](https://longbridge.com/en/news/304182535.md) - [AMD Is a 'Top Pick': TD Cowen Sees Strong AI Momentum After Q3 Beat and Raise](https://longbridge.com/en/news/304264552.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**