Advanced Micro Devices, Inc. Q2 earnings spark rally: Can AMD sustain upward momentum?

• AMD shares rose 3.58-4.4% after Q2 2026 revenue hit $11.5B, up 50% YoY • Data Center sales surged 107% to $6.7B on AI chip demand • Stock faces resistance near $567, with a range of $512.67-$583.23 expected AMD stock jumped as much as 4.4% to around $552 after Q2 2026 revenue rose 50% year-over-year to $11.5 billion, led by a 107% spike in Data Center sales to $6.7 billion on strong AI chip demand from enterprise and cloud customers. Despite the rally, technical indicators remain bearish: the stock trades below its 20-day ($550.59) and 50-day ($580.81) moving averages, though it stays above the 200-day ($394.23), preserving a long-term uptrend. Momentum gauges like MACD, RSI, and Stochastic RSI point to continued seller control. Analysts expect AMD to consolidate between $512.67 and $583.23 in the near term, with a break above $567.42 resistance needed to spark a fresh rally.