AMD Rockets Toward Biggest Quarterly Gain In 50 YearsAccording to a Benzinga report, Advanced Micro Devices shares have surged 148% this quarter, putting the stock on track for its strongest quarterly performance since 1975, as Wall Street increasingly bets the chipmaker will be a major winner in the next wave of AI infrastructure spending.Analysts from firms including Evercore, KeyBanc, Bernstein, Mizuho, and Wells Fargo have recently raised price forecasts on the stock, citing expanding opportunities across CPUs, networking, custom silicon, and broader data center demand.Despite the bullish outlook, analysts caution that AMD’s sharp rally leaves little room for execution missteps, particularly if AI spending slows or competition intensifies.Technical AnalysisAMD is still in a firmly bullish trend across timeframes, with the stock up 339.07% over the past 12 months and trading well above its major moving averages. At $489.00, shares are 15.1% above the 20-day SMA ($422.98) and 108% above the 200-day SMA ($234.15), which underscores how stretched the longer-term move has become.The moving-average structure remains supportive: the 20-day SMA is above the 50-day SMA, and the 50-day SMA is above the 200-day SMA following the golden cross in July 2025. That alignment typically signals that pullbacks are more likely to be viewed as buy-the-dip opportunities until the shorter averages start rolling over.RSI is the key momentum read right now, sitting at 74.25, which keeps AMD in overbought territory after RSI first pushed above 70 in May. RSI measures how “stretched” a move is versus recent price action, and this level often means upside can continue—but it also raises the odds of sharper, faster pullbacks if buyers pause.From a levels standpoint, the stock is trading just below the 52-week high of $510.21, making that zone the obvious overhead area traders will watch for a breakout attempt or rejection. If price starts to cool, the next area that matters is where buyers have recently defended dips.