AMD set for 90% crash on this date, according to expert

Advanced Micro Devices (AMD) could face a severe drawdown of over 90% by December 2029 if historical chart patterns repeat, according to technical analysis by TradingShot. The stock has traded within a multi-decade ascending channel dating back to 1972, recently touching the channel's upper boundary in a move closely mirroring its 1974–1985 bull cycle. That historical cycle was followed by a 91.21% collapse, which if repeated could drive AMD shares down to roughly $53. Technical indicators further highlight mounting downside risks, notably a bearish divergence on the two-month Relative Strength Index (RSI). The analyst outlined two potential downside trajectories: a moderate correction of 67% toward the $200 level, aligning with the monthly 100-period moving average, or a full historical crash toward $53. Despite the bearish technical projections, AMD's underlying fundamentals remain strong. The chipmaker posted record second-quarter revenue of $11.5 billion—up 50% year-over-year—propelled by a 107% surge in Data Center segment sales. Furthermore, key AI partnerships with Microsoft and Meta support a robust revenue outlook of approximately $13 billion for the third quarter.