Could AMD Stock Face a Massive 90% Crash by December 2029?

Advanced Micro Devices might be heading for a steep correction of over 90 percent by December 2029 if a long term historical pattern repeats itself. Market analysis points to a bearish scenario that could send the stock down to around $53 from current levels near $577. This projection relies on a recurring cycle observed across the fifty four year trading history of the technology company, which has spent decades moving inside a broad ascending channel.

The analyst behind the warning notes striking similarities between the current rally and a major advance from 1974 to 1985. Both bull runs lasted about eleven years and produced massive gains exceeding 37,000 percent. The chart also shows a bearish divergence on the Relative Strength Index, meaning momentum is slowing down while the stock hits new highs. Depending on how the cycle plays out, the outlook outlines two potential downside paths. A moderate pullback could drag the stock down toward $200, while a worst case repeat of the 1985 collapse would push prices all the way to $53.

Despite the alarming charts, the underlying business performance of the company remains very strong. AMD recently reported record second quarter revenue of $11.5 billion, representing a 50 percent jump from the previous year. That growth was largely fueled by soaring demand in the data center division and major artificial intelligence partnerships with tech giants like Microsoft and Meta. Because the modern business is far more diversified than it was in past decades, traders should weigh these historical warnings against current financial strength.