Mark Roussin, CPAANALYSTAug 2, 2026“AMD is a buy-the-dip opportunity in the expanding AI compute market, with support at the 38% fib line and potential to surpass $600 by end of 2026.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTWhy
demand for AI accelerators continue growing rapidly. While Nvidia remains the market leader, hyperscalers increasingly want more suppliers. AMD's Instinct platform continues improving and the company also benefits from one of the strongest data center CPU businesses in the industry today.
the stock topped out at 580 at the end of June and fell back down to 430 this past week, finding support right at that 38% fib line. We have a low RSI and a low curling MACD at the bottom
I believe that this is a stock that could surpass $600 a share by the end of 2026.
Risk
AMD is on the list to report earnings next week. So, you have to ask yourself, are you willing to take the risk beforehand knowing it will likely be a volatile event.
The structured call
The receipt
Publish-day price $$476.15 · the claim is anchored to the moment it was said.