AMD expects rebound on data center growth… "650-700 dollar outlook requires support line to hold"

Advanced Micro Devices could stage a rebound on data-center growth and AI expansion, though options strategist Daniel Shay of Simpler Trading warned that a post-earnings pullback remains possible and that a 650–700 dollar target over months to years requires key support levels to hold. Shay said data-center results are the critical metric to watch, arguing that if recent share-price weakness already reflects expected PC softness, a strong data-center print could support a break above 500 dollars. He also cited AMD's share gains from Intel as a positive. The stock's reaction to earnings is the next catalyst, with the 500 dollar level and the durability of support framing the rebound case.