TradingShot analysts predict a 90% AMD stock correction by December 2029. This bearish outlook follows an ascending channel pattern observed since 1972. AMD last reached this specific technical position in September 1984. That historical alignment preceded a 91.21% share price collapse.
The analysis presents two primary downside targets. A moderate scenario forecasts a 67% decline to approximately $200. A severe scenario mirrors the 1985 crash with a projected drop to $53. Analysts note that AMD’s current AI market exposure and diversified business may mitigate these historical risks.