AMD Price News: Stock Eyes $390 After 200-Day EMA Rebound

Advanced Micro Devices (AMD) has gone up by nearly 11% today after the company shared its long-term growth targets with analysts, just a few days after publishing its quarterly earnings.

“AMD is entering a new era of growth fueled by our leadership technology roadmaps and accelerating AI momentum,” commented the head of the company, Lisa Lu, during the conference.

Lu highlighted that the firm intends to grow its revenues at a compounded annual growth rate of 35% while it expects to reach the $20 mark in its non-GAAP earnings per share (EPS).

AMD Financial Results (Last 4 Years) – Source: Yahoo Finance

This would mean that AMD is trading at 13x its forecasted earnings, if Lu’s projections come to fruition. This is quite a conservative estimate for a company that has managed to keep growing its top-line results at an accelerated pace in the past few years.

CEO Lu Believes Revenues Will Grow at an Even Faster Pace

High demand from data centers and other infrastructure providers connected to the rapidly growing artificial intelligence (AI) industry will be the driving force behind this positive performance.

“With the broadest portfolio of products and our deepening strategic partnerships, AMD is uniquely positioned to lead the next generation of high-performance and AI computing. We see a tremendous opportunity ahead to deliver sustainable, industry-leading growth. We have never been better positioned,” Lu further commented.

Under her leadership, the company has managed to double its revenue from $16.4 billion to $32 billion, resulting in an 18.2% CAGR. Based on these projections, Lu actually expects that growth will accelerate, rather than slowing down.

Most analysts have maintained their 12-month price targets for the stock despite the latest news. On November 4, the company shared its quarterly results covering the third quarter of 2025.

Back then, they beat analysts’ consensus estimate for the period by a few cents but also delivered total revenues that were 4% above the market’s expected figure.

This may have been the reason why the rally has kept going, as the market has adjusted its forecasts based on the latest available data.

AMD Found Support at Its 200-Day EMA and Could Do It Again

Looking at the daily chart, we can see that AMD found strong support at the 200-day exponential moving average and formed a nice floor at that level that has given birth to an ascending price channel.

AMD Daily Price Chart – Source: TradingView

The price is now 19.5% away from its 200-day mean, emphasizing that buying interest has accelerated lately. This technical line would be the key support to watch down the road in case of a pullback.

The odds of a retreat are high in the near term, especially if AMD fails to climb above its current all-time high. The $215 area seems like the ideal entry for a late buyer.

The Relative Strength Index (RSI) in this time frame shows signs of a bearish divergence as the price has kept climbing even though positive momentum has slowed down.

If the price action maintains its current trajectory, we could expect a move to $390 in the mid-to-long term, especially following these bullish comments from the CEO in regards to the company’s revenue growth projections.

This would translate into an 81% upside potential for those who are patient enough to wait for that downward push to $215.