Advanced Micro Devices Down 28% from Record High, Testing 200-Day Moving Average
Advanced Micro Devices shares have plunged 28% from the October record of $267.08, trading just 0.75% above the 200-day moving average—a level that preceded an average one-month gain of 11.2% in ten prior instances. U.S. discussions on capping chip exports at 75,000 units per customer could also constrain MI325 shipments.
1. Technical Dip-Buy Signal
Shares have fallen 28% from the October peak of $267.08 and are currently just 0.75% above the 200-day moving average, which has historically marked a buying opportunity—an 11.2% average gain one month later across ten prior occurrences.
2. Options Trader Sentiment
The 10-day put/call volume ratio sits in the 98th percentile, reflecting elevated bearish positioning that could unwind quickly and provide upward pressure on the stock.
3. Potential Export Cap Impact
U.S. officials are weighing a proposal to limit H200 AI chip and MI325 accelerator shipments to 75,000 units per customer, a restriction that could slow sales to Chinese cloud and AI model providers.