Schwab Network on $AMD (Nov 3, 2026)

Today's spotlight is on AMD. AMD is scheduled to announce its earnings after the market closes today. There is a lot of excitement surrounding AMD stock . Of course, the stock has seen some declines in the past few days.

What do you expect to hear from AMD? What are your expectations? I also hope that the decline in Intel shares and the movement we have seen in recent days in AMD have already been priced in.

Since the decline has already been absorbed , AMD should hold firm and surpass the $500 level.

But AMD is much bigger than that. We are talking about artificial intelligence chips, processors, and a suite of technologies. AMD's story isn't necessarily limited to computers.

So, ideally, we will see positive news from AMD. Lisa Su is an exceptional leader by all measures.

Generally, when we see this decline before the earnings report, it creates a better situation before the report is released. I would point out that there has been a technical decline in the stock price, which could be negative ahead of the earnings report.

But given that we have already seen this decline, it is ideal that it has been absorbed into the price.

Yes, that's absolutely true. All of these areas are experiencing high growth, and any positive comments about them are likely to support this stock; Because AMD's weekly chart looks very promising.

Look, I love this arrow. I own this stock. The weekly chart shows a state of consolidation, consolidation, and a good pullback towards the main moving averages . So, if we receive positive news from this earnings report, and we see a slight technical correction to the upside after the drop, I think we will continue to rise, especially with the high price targets I expect thanks to the growth of artificial intelligence.

Those weekly price targets reach a range between $650 and $700.

We are now at the $488 level. We are actually up 4.5% after having fallen more than 20% from our 52-week high or all-time high.

Well, first and foremost, when I look at the earnings report, I always use the movement that happens overnight to gauge what the report has produced , right? Therefore, we expect a move in the options market of around $35 for this report.

If we see a move of 1.5 to 2 times that value, I would consider that an indication of a strong breakout, either upward or downward.

So, at the $488 level, I think reaching around $525 would be a natural upward move. On the downside, we have crucial support at the $ 400 to $450 price point. So, this would be a typical area for stock movement after the earnings report.

If we step outside this range , then from here I will start monitoring the momentum in either direction. Once this move occurs after the earnings, I will be able to better assess the direction we are heading in.

But ultimately , even seeing this post-earnings move, I still expect those long-term price targets to hold . As long as we are able to maintain the weekly channel and weekly support level above the $412 price point, which is the 200-day simple moving average on the daily chart, I would expect AMD to resume its upward trend on the weekly chart, reaching the $650-$700 range in the coming months and years.

Here it is. Well, because I know you're betting on AMD's rise. Because you are betting on the rise of AMD and the rise of the SMH index. But I understand what you mean now, because you are really looking at support levels on the downside, because you are expecting real volatility, and that is what we have heard: good news from companies and yet they are experiencing sell-offs, right ?

Therefore, it would not be unusual to see a wave of selling, and that would be a greater buying opportunity . So, you are looking at a $650-$700 level for AMD in the coming years. I understand that.

Yes, this is correct. AMD will be the next big catalyst to determine whether the 200-day simple moving average on the daily chart will hold up. Although I am optimistic about AMD, I am looking to the future and I like those weekly chart patterns.

Part of the problem with earnings this quarter is that we have seen many companies report positive results and exceed earnings per share estimates, yet their stocks are falling.

That's why it's really important to look at those expected movements. Because with AMD, and with that expected move of $35 and the previous history, even with the company exceeding earnings per share estimates for seven consecutive quarters, we saw the stock decline in six of those seven times.

Therefore, these moves often lead to a drop in the stock price, but buyers step in to buy.