--- title: "What's Going On With AMD Stock Thursday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/296499032.md" description: "AMD stock dipped ~0.5% in Thursday's premarket near $463 support, driven by broader market pullback and defensive investor sentiment rather than company-specific news. Technically, short-term indicators show pressure with the stock below its 20-day and 50-day SMAs, though long-term trends remain bullish above the 200-day SMA. Positive MACD momentum suggests easing selling pressure. Analysts maintain a Buy consensus with an average price target of $591.39, citing strong growth and momentum despite high valuation." datetime: "2026-08-20T13:25:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296499032.md) - [en](https://longbridge.com/en/news/296499032.md) - [zh-HK](https://longbridge.com/zh-HK/news/296499032.md) --- # What's Going On With AMD Stock Thursday? **Advanced Micro Devices Inc.** (NASDAQ:AMD) stock is trading lower by about 0.5% in Thursday’s premarket session. The chipmaker is tracking a broader pullback in U.S. stock futures. Nasdaq futures are down about 0.5%, while S&P 500 futures have fallen 0.44%. AMD’s premarket decline appears tied to weaker risk appetite rather than a company-specific catalyst. Investors are taking a more defensive stance ahead of the opening bell. That puts the focus on whether AMD can hold key support levels as trading volume picks up. ## Technical Analysis AMD remains in a long-term uptrend, although its near-term technical picture is mixed. The stock is 4.8% below its 20-day simple moving average of $487.06. It is also 9.1% below its 50-day SMA of $509.94. That signals continued short-term pressure. However, AMD remains 6% above its 100-day SMA of $437.20 and 41.4% above its 200-day SMA of $327.73. Those levels keep the longer-term bullish trend intact. The 20-day SMA remains below the 50-day SMA, a bearish signal that could limit near-term rebounds. However, the 50-day SMA remains above the 200-day SMA, supporting the longer-term bullish setup. Momentum is also improving. The MACD is above its signal line, while the histogram is positive. That suggests selling pressure may be easing. Key resistance sits near $530. That round-number level could attract selling during a rebound. Key support is around $463, near the stock’s current price. AMD reached a 52-week high of $584.73 in June before hitting a swing low in July. Traders are now watching for signs that the stock can form a higher low. The shares have gained 182.34% over the past 12 months. However, that strong run could also leave the stock vulnerable to sharper pullbacks when market sentiment weakens. ## Analyst Outlook AMD trades at a price-to-earnings ratio of 119, reflecting a premium valuation. The stock carries a Buy consensus rating with an average price forecast of $591.39. **Argus Research** maintained a Buy rating on Aug. 6 and raised its price forecast to $625. **Rosenblatt** maintained a Buy rating and raised its price forecast to $700 on the same day. **JPMorgan** maintained a Neutral rating on Aug. 5 and raised its price forecast to $550. ## Benzinga Edge Rankings The Benzinga Edge scorecard highlights AMD’s strong Momentum, Quality and Growth scores. However, its Value score remains weak. AMD has a Momentum score of 97.71, a Quality score of 93.98 and a Growth score of 94.91. Its Value score stands at just 4.76. The combination points to a high-growth stock with strong market momentum but an expensive valuation. That makes support near $463 important if broader risk appetite continues to weaken. ## Top ETF Exposure The **iShares Semiconductor ETF** (NASDAQ:SOXX) has an 8.10% weighting in AMD. The **CoreValues America First Technology ETF** (NYSE:USMD) has a 7.74% weighting, while the **ARK Autonomous Technology & Robotics ETF** (BATS:ARKQ) has a 6.87% weighting. AMD’s sizable weight in these funds means ETF inflows and outflows can add to buying or selling pressure in the shares. ## Price Action **AMD Stock Price Activity:** Advanced Micro Devices shares were down 0.54% at $463.88 in Thursday’s premarket session, according to Benzinga Pro data. _Image via Shutterstock_ ### Related Stocks - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [AMUU.US](https://longbridge.com/en/quote/AMUU.US.md) - [AMDL.US](https://longbridge.com/en/quote/AMDL.US.md) - [AMDD.US](https://longbridge.com/en/quote/AMDD.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) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [USMD.US](https://longbridge.com/en/quote/USMD.US.md) - [ARKQ.US](https://longbridge.com/en/quote/ARKQ.US.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) ## Related News & Research - [AMD CEO Gives Investors New Reason to Watch](https://longbridge.com/en/news/296130776.md) - [Top AMD Executive Makes High-Profile Stock Move That’s Turning Heads](https://longbridge.com/en/news/296294215.md) - [Glynn Capital Management LLC Boosts Stock Holdings in Advanced Micro Devices, Inc. $AMD](https://longbridge.com/en/news/296072301.md) - [Google Is Reportedly Working with AMD for Its New TPU. 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