Here’s What Traders Expect AMD Stock To Do After Earnings

Advanced Micro Devices (AMD) is set to report second-quarter results after the closing bell on Tuesday, with traders anticipating a sizable move from the chipmaker’s stock.

Current options pricing suggests traders expect the stock could move more than 7% by the end of this week, from Monday’s close near $177. A move of that scale would push the stock just over $190, nearing its record high in March of last year. At the low end, the stock could drop to about $163. The shares have gained more than 45% in 2025 so far.

AMD shares rose close to 2% the day after the company’s first-quarter report, while they fell 6% and 10%, respectively, the days after the two previous reports. In May, the company beat estimates and gave a revenue forecast with a midpoint above the analyst consensus.

The chipmaker is widely expected to report rising sales, but falling profits for the second quarter, after AMD warned in May that it would likely take a hit from tighter restrictions on chip exports to China.

Wall Street analysts surveyed by Visible Alpha are divided on the stock, but lean more bullish than bearish, after AMD reportedly said it plans to resume exports of its MI308 chips to China, once authorized by U.S. authorities.