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AMD Stock Near $510 Before Its Biggest AI Event — 12 Gigawatts on the Line

AMD Stock Near $510 Before Its Biggest AI Event — 12 Gigawatts on the Line

TradingKey – Advanced Micro Devices (NASDAQ: AMD) is poised for a critical week trading near $508, bouncing off the 200-period EMA of $480 following the recent sector-wide AI sell-off. This week is crucial not for technical levels, but for what AMD will reveal during its Advancing AI 2026 conference in San Francisco on July 22-23. It is anticipated the semiconductor firm will reveal details about its MI450 accelerator and Helios rack-scale system, the technologies that are expected to fulfill the 12-gigawatt demand agreed to with Meta and OpenAI. AMD is also scheduled to release its Q2 earnings on August 4.

The 12 Gigawatt Commitments — What Meta and OpenAI Actually Signed

Meta has agreed to deploy a total of 6GW of AMD GPUs across…

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