Advanced micro devices (Nasdaq: AMD) could be headed for a major correction towards $ 335 if a key technical support level breaks, according to a TradingView analysis.
On July 9th TradingView mailthe analyst determined AMD’s 50-day daily moving average (Master’s) as the critical trigger level.
If this support fails, stock It may fall towards the 200-day moving average (MA200), expected near $335, with the move likely to appear around August 11, 2026.
It is worth noting that AMD was one of Semiconductors The strongest performer in the sector this year, it is up more than 150% in 2026 and is trading at $557 as of press time after hitting highs above $560.
Analysis indicates that while AMD continues to make higher highs on the daily chart, the Relative Strength Index (RSI) has been forming lower highs since late April.
This bearish divergence is often seen as a sign that bullish momentum is weakening despite rising prices.
A similar pattern emerged after the AMD rally in late 2025, when weak RSI momentum preceded a break below the MA50 and a prolonged correction.
AMD stock fundamentals
The current setup follows a stronger advance, with AMD up about 213% from the March 2026 lows compared to about 248% during the previous rally.
According to the analysis, MA50 remains the key level to watch. AMD has repeatedly held above the trend line despite multiple pullbacks, but a decisive breakout could trigger a deeper bounce.
In this scenario, the stock is likely to seek support at the MA200 level, which the chart forecasts near $335.
the bearish The technical setup appears despite AMD’s strong commercial performance. The company reported first-quarter revenue of $10.3 billion, up 38% year over year.
By comparison, data center revenue rose 57% to a record $5.8 billion, driven by demand for EPYC server processors and AI accelerators.
AMD also guided for nearly $11.2 billion in Q2 revenue, with earnings scheduled for August 4. The timing is notable because the expected weakness will begin shortly after the earnings event, making the report a potential catalyst to validate or invalidate a bearish setup.
