AMD Overtakes NVDA in 1H26 Earnings: What to Expect in 2H26?

While AMD's potential to surpass NVDA in the first half of 2026 could generate positive sentiment in the near term, the stock has declined 3.5% and is trading below its 20- and 50-day moving averages. The RSI stands at 39, approaching but not yet in oversold territory, while the MACD remains below its signal line, indicating bearish momentum. Expectations for the second half of 2026 may offer upside potential, but current technical indicators support a short-term bearish trend. Investors should consider the possibility of a correction toward the SMA20 before a potential recovery. Overall, a slight downward continuation is likely over the next 1–3 days.

The news headline indicates that AMD is expected to outperform NVDA in the first half of 2026, which could create short-term negative sentiment for NVDA. However, technical indicators are sending mixed signals: the RSI is at 44.6, in neutral territory, while the MACD line is below the signal line and negative, pointing to weak momentum. The price is trading below the 20-day and 50-day moving averages, supporting a short-term bearish trend. Despite a slight 0.42% rise in the last 24 hours, the overall technical structure and news flow make it difficult to determine a clear direction. Therefore, a sideways movement is expected in the short term.