--- title: "What's Going on With AMD Stock Wednesday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/292065218.md" description: "AMD stock fell over 2% in Wednesday's premarket, extending Tuesday's 6.51% decline as investors reduced exposure to high-beta tech stocks amid broader market weakness. Despite the pullback below its 20-day moving average, AMD's long-term trend remains intact with a bullish golden cross. The company is set to report earnings on August 4, with analysts expecting $1.55 EPS and maintaining a consensus Buy rating. Key support sits at $495.50, while resistance is near $546.50." datetime: "2026-07-08T11:55:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292065218.md) - [en](https://longbridge.com/en/news/292065218.md) - [zh-HK](https://longbridge.com/zh-HK/news/292065218.md) --- # What's Going on With AMD Stock Wednesday? **Advanced Micro Devices Inc.** (NASDAQ:AMD) stock fell more than 2% in Wednesday’s premarket session as investors continued to reduce exposure to high-beta technology stocks. The stock closed 6.51% lower in Tuesday’s regular session and extended those losses before the opening bell. Nasdaq futures were down 1.30%, while S&P 500 futures slipped 0.88%, adding pressure across semiconductor stocks. AMD has delivered a strong 12-month rally, making it more vulnerable to short-term selling when market sentiment weakens. As one of the largest AI-related semiconductor stocks, AMD often experiences larger swings than the broader market during risk-off sessions. **Read Also: The Chip Selloff Is A Bear Trap — These 7 Stocks Win The $1.5 Trillion AI Buildout** ## Technical Picture Remains Constructive Despite the recent pullback, AMD’s longer-term trend remains intact. The stock trades 7.6% above its 50-day simple moving average of $469.57 and well above its 200-day simple moving average of $281.93. A bullish golden cross, formed in July 2025, also remains in place. However, shares are about 3% below the 20-day moving average of $520.76, indicating that near-term momentum has weakened. The relative strength index stands at 51.38, a neutral reading that suggests buying and selling pressure are now more balanced after the stock exited overbought territory earlier this year. Traders are watching resistance near $546.50, which aligns with a recent swing high, while support sits around $495.50, an area where buyers have recently stepped in. ## Earnings And Analyst Outlook AMD is expected to report quarterly results on August 4. Wall Street expects earnings of $1.55 per share, up from 48 cents a year earlier, on revenue of $11.28 billion, compared with $7.68 billion in the prior-year quarter. The stock has a consensus Buy rating and an average analyst price forecast of $505.38. Recent analyst actions include **Goldman Sachs** raising its price forecast to $640 on July 6, **Wells Fargo** raising its price forecast to $615 on June 30 and **Cantor Fitzgerald** raising its price forecast to $700 on June 29. Tech strategist **Dan Ives** reiterated his bullish stance on the AI semiconductor sector, saying on CNBC that investors continue to underestimate the long-term earnings potential of leading chipmakers such as AMD. Ives said the AI revolution remains in its “third inning” and expects upcoming earnings to validate continued AI monetization and demand. He also pointed to strong memory-chip trends in Asia as supportive of the broader AI infrastructure buildout. ## Benzinga Edge And ETF Exposure According to Benzinga Edge, AMD scores highly on momentum, growth and quality but ranks poorly on value, reflecting its premium valuation. That combination can support strong gains during bullish markets but may also lead to sharper pullbacks when sentiment deteriorates. AMD also represents a significant holding in several semiconductor-focused exchange-traded funds, including **the iShares Semiconductor ETF** (NASDAQ:SOXX), **the ARK Next Generation Internet ETF** (NYSE:ARKW) and **the Pacer Data and Digital Revolution ETF** (NYSE:TRFK). Fund flows into or out of those ETFs can influence AMD’s trading activity. **AMD Stock Price Activity:** Advanced Micro Devices shares were down 2.35% at $504.00 during premarket trading on Wednesday, according to Benzinga Pro data. _Photo via Shutterstock_ **Read Also: Wall Street Welcomes SK Hynix: Will Micron And SanDisk Foot The Bill?** ### Related Stocks - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [AMUU.US](https://longbridge.com/en/quote/AMUU.US.md) - [AMDD.US](https://longbridge.com/en/quote/AMDD.US.md) - [AMDL.US](https://longbridge.com/en/quote/AMDL.US.md) - [AMDG.US](https://longbridge.com/en/quote/AMDG.US.md) - [DAMD.US](https://longbridge.com/en/quote/DAMD.US.md) - [AMDY.US](https://longbridge.com/en/quote/AMDY.US.md) - [AMDW.US](https://longbridge.com/en/quote/AMDW.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [WFC.US](https://longbridge.com/en/quote/WFC.US.md) - [ARKW.US](https://longbridge.com/en/quote/ARKW.US.md) - [TRFK.US](https://longbridge.com/en/quote/TRFK.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) - [WFC-D.US](https://longbridge.com/en/quote/WFC-D.US.md) - [WFC-L.US](https://longbridge.com/en/quote/WFC-L.US.md) - [WFC-Y.US](https://longbridge.com/en/quote/WFC-Y.US.md) - [WFC-C.US](https://longbridge.com/en/quote/WFC-C.US.md) - [WFC-Z.US](https://longbridge.com/en/quote/WFC-Z.US.md) - [WFC-A.US](https://longbridge.com/en/quote/WFC-A.US.md) ## Related News & Research - [CBRS Stock Alert: What to Know as Cerebras Teams Up With AMD](https://longbridge.com/en/news/293768646.md) - [AMD Stock Alert: What to Know as Microsoft Joins AMD's Growing Helios Customer List](https://longbridge.com/en/news/293256080.md) - [Planning Alternatives Ltd. 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