Advanced Micro Devices Inc. (AMD) has experienced a significant decline of 16% over the past week following disappointing earnings results. The stock price recently tapped the $139 mark, marking the fourth consecutive day of losses, and is approaching a critical support level established at the two-year Higher Lows Zone, which began from the October 2022 bottom. Analysts suggest that despite the current downturn, there may be potential for a rebound as the stock is viewed as oversold. Price targets for a short-term recovery have been set between $150 and $155, coinciding with upcoming earnings reports from NVIDIA, which could influence market sentiment.