What's Going on With AMD Stock Monday?

Advanced Micro Devices Inc. (NASDAQ: AMD ) stock rose more than 3% in Monday’s premarket session as improving risk appetite lifted AI and semiconductor stocks.

Nasdaq futures gained 1.23%, while S&P 500 futures advanced 0.47%.

The stock has been one of the strongest performers in the semiconductor sector over the past year.

Traders will now watch whether it can hold above key support levels if volatility increases after the market opens.

Technical Picture Remains Positive AMD continues to trade above its key moving averages, signaling that the broader trend remains positive.

The stock sits about 4% above its 20-day simple moving average of $516.84 and roughly 16.8% above its 50-day SMA of $460.38.

It also remains 93.3% above its 200-day SMA of $278.19.

The golden cross that formed in July 2025 remains intact.

The relative strength index stands at 52.47, indicating neutral momentum.

That suggests buying pressure is balanced and the next move will likely depend on price action rather than overbought or oversold conditions.

Immediate resistance is near $546.50, while key support is around $437.

AMD reached its latest swing high in June and established its most recent swing low in April, keeping the longer-term trend tilted higher.

AMD Backs Self-Driving Startup Turing Separately, Japanese autonomous driving startup Turing Inc. has raised $79 million in an extension of its Series A funding round, adding AMD Ventures as a new investor while expanding its use of Advanced Micro Devices’ AI accelerators, The company said about 10% of its AI training now runs on AMD GPUs, reducing its reliance on NVIDIA Corp. (NASDAQ: NVDA ) hardware and helping lower costs ahead of its planned commercial launch in 2028.

Turing is developing autonomous driving software for consumer vehicles and robotaxis and has expanded testing from Tokyo’s outskirts into more congested urban areas.

Earnings And Analyst Outlook The company’s next earnings report is expected on Aug.

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 last year.

AMD trades at about 172.6 times earnings.

Analysts maintain a consensus Buy rating with an average price forecast of $499.44.

Recent analyst actions include Wells Fargo raising its price forecast to $615 on June 30, Cantor Fitzgerald increasing its price forecast to $700 on June 29 and UBS lifting its price forecast to $670 on June 24.

Edge Rankings AMD earns a Momentum score of 98.6, a Growth score of 96.77 and a Quality score of 95.41, reflecting strong business fundamentals and relative price performance.

Its Value score of 3.43 indicates the stock trades at a premium valuation.

ETF Exposure iShares Semiconductor ETF (NASDAQ: SOXX ): 8.03% Weight ARK Next Generation Internet ETF (NYSE: ARKW ): 7.37% Weight Dan IVES Wedbush AI Revolution ETF (NYSE: IVES ): 7.19% Weight Significance: Because AMD carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

AMD Stock Price Activity: Advanced Micro Devices shares were up 3.14% at $534.10 during premarket trading on Monday, according to Pro data.

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