AMD stock price forms a risky pattern amid valuation concerns — TradingView News
AMD stock price has moved into a technical bear market after falling by 20% from its highest point in October. It has dropped to $215, and has formed an island reversal pattern, pointing to a potential retreat despite the ongoing AI boom.
AMD business has continued thriving
Advanced Micro Devices, a top player in the semiconductor industry, has come under pressure in the past few months. This retreat happened as concerns about the AI bubble continued and as competition accelerated.
The most recent financial results showed that the company’s business continued doing well. Its results revealed that its revenue jumped to a record high of $9.2 billion, up by 36% from the third quarter of 2024.
Most of this revenue growth was driven by its…
