AMD at a 54-Year Channel Top — Is Another -90% Crash Coming?Advanced Micro Devices, Inc.BATS:AMDTradingShotAdvanced Micro Devices (AMD) has been trading within a Channel Up during its 54 years (since December 1972) of price action and in June it touched its Top and turned sideways since. ** Last time on this spot: - 91.21% crash ** This is a major warning for investors as last time this took place in September 1984, the market crashed by -91.21%. Full disclosure, we are not saying that AMD will absolutely experience such a crash but the pattern's aren't all that different both technically and fundamentally. ** Striking similarities of now and then: technically and fundamentally ** There is a striking symmetry between the two rallies (1974 - 1985 and 2015 - 2026) that have led to these Tops. Both 11 years of approximate duration, both gaining identical extraordinary returns of +37000%, both supported by the 1M MA50 (blue trend-line) - 1M MA100 (green trend-line) Zone for rebounds. This time, the 2M RSI is on a Bearish Divergence even. Fundamentally, the two rallies were driven by very different technological revolutions, but there is an interesting fundamental rhyme: in both eras AMD went from a relatively small/challenged semiconductor company into a beneficiary of a new computing platform that was rapidly becoming an industry standard. The 1974–1985 rally coincided with AMD's transformation from a young semiconductor manufacturer into a critical second-source supplier of x86 processors during the birth of the IBM PC era. The 2015–2026 rally followed another corporate transformation, beginning with AMD's near-crisis conditions in 2015 and accelerating through Zen, Ryzen, EPYC, 7nm market-share gains and ultimately the artificial-intelligence infrastructure boom. In both cases, AMD became attached to a technological platform experiencing explosive adoption: PCs in the early 1980s and AI/data-center computing today. The major difference is that modern AMD controls much more of its own technology and operates across a considerably broader portfolio, meaning an identical technical setup does not necessarily imply an identical fundamental outcome. ** Dotcom, Subprime and other 'minor' crashes ** So back to the technicals. Apart from the post 1985 -91.21% crash, AMD historically had another two similar crashes: -93.56% during the 2000 - 2002 Dot-com crash and -96.27% during 2006 - 2008, just before the U.S. Subprime Crisis. Besides those major crash events, AMD has historically corrected between -66.06% and -78.06% seven times. The two most recent have been in 2022 and 2024/25 (both around -67%), the latter of which tested the 1M MA100 before rebounding into the recent rally. ** So what now? $200, $53 or new paradigm? ** As a result, even if no major catalyst presents itself for a -91% correction, AMD could still deliver a -67% decline given its recent 4-year price action, taking into account that it also hit the top of this 54-year Channel Up. If such a correction is materialized, we may see it testing its 1M MA100 again around $200. If however a major catalyst does happen (which is by any means not a high probability, Dotcom/ Subprime catalysts aren't just around the corner very often) and a -91.21% crash takes place, AMD will find itself around $53.00 back to the lows of its 2022 correction. Do you on the other hand think it is finally time to break this Channel to the upside and invalidate all bearish theses? --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇