Advanced Micro Devices (AMD) is approaching a critical juncture as it nears a two-year trendline support level ahead of Nvidia's earnings announcement. Analysts are divided on the stock's potential, with some indicating a possible bounce from the 132 pivot point, which is seen as a support level. Despite recent negativity surrounding AMD, certain traders are optimistic about a rebound, citing the stock's oversold condition. The upcoming earnings report from Nvidia adds to the urgency of AMD's situation, as it could significantly impact market sentiment.