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Watch These AMD Stock Price Levels After Post-Earnings Plunge

1. AMD shares fell 9% post-earnings due to weak data center sales. 2. CEO Lisa Su projected a 7% sequential decline in quarterly data center sales. 3. AMD stock has dropped 33% over the past year amid competition with Nvidia. 4. Key support levels are at $110, $95, and $81; resistance near $130. 5. Past performance suggests a difficulty in recovering momentum in the near term.

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FAQ

Why Bearish?

Weak sales figures and declining projections indicate pessimism; similar to Q3 2022 declines.

How important is it?

Earnings report disclosure directly impacts stock performance and investor sentiment on AMD.

Why Short Term?

Immediate selling pressure post-earnings expected, similar to reactions in previous earnings reports.

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