Advanced Micro Devices, Inc.

Advanced Micro Devices, Inc. (NASDAQ: AMD) is a global semiconductor company focused on delivering high-performance computing, graphics, and visualization solutions. The company operates through three key segments: Data Center, Client & Gaming, and Embedded. Its Data Center offerings include AI accelerators, server CPUs, GPUs, DPUs, FPGAs, SmartNICs, and adaptive SoCs. The Client & Gaming segment comprises desktop and notebook processors, discrete GPUs, chipsets, and semi-custom SoCs, while the Embedded segment delivers embedded processors and adaptive computing solutions. AMD’s product portfolio is marketed under established brands such as EPYC, Ryzen, Ryzen PRO, and Virtex UltraScale+.

As per US Dailies Report published on ‘AMD’ on Feb 24, 2026, Kalkine provided an ‘Buy’ stance on the stock at USD 196.60 based on fundamental analysis and the stock price has now moved up by ~ 24.50% since then.

Noted below are the details of support and resistance levels provided in our previous report:

Rationale:

AMD’s strong momentum, driven by AI-led data center growth and expanding product portfolio, appears increasingly balanced by near-term constraints, including premium valuation levels relative to peers, moderating quarterly guidance, and intensifying competition across key segments. While long-term prospects remain supported by hyperscaler demand and strategic partnerships, recent stock outperformance, steady but not improving earnings revisions, and signs of institutional trimming suggest limited upside from current levels, with risk-reward dynamics becoming less favorable in the near term.

Share Price Chart

Conclusion

Based on elevated valuation relative to peers, moderating near-term growth outlook, and rising competitive intensity, a "Sell" is recommendation on Advanced Micro Devices, Inc. (NASDAQ: AMD) has been given at the current market price of USD 244.66 as on 13 April 2026 at 8:28 am PDT.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 13 April 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and/or technical analysis taking into consideration both short-term and long-term scenario.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 6: Dividend Yield may vary as per the stock price movement.