Expert sets dates when AMD stock will drop to $335

An analyst on TradingView says AMD could be headed for a sharp technical correction if its 50-day moving average fails to hold. The setup shows bearish divergence, with price making higher highs while RSI makes lower highs, suggesting momentum is weakening despite AMD’s strong 2026 rally. If support breaks, the stock may retreat toward its 200-day moving average near $335, with the move potentially unfolding around August 11, 2026. The note comes despite strong fundamentals, including Q1 revenue of $10.3 billion, up 38% year over year, and data center revenue of $5.8 billion, up 57%. AMD also guided for about $11.2 billion in Q2 revenue ahead of earnings on August 4, which could confirm or invalidate the bearish technical view.