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AMD

AMD Can it survive this horrific week?On August 13 (see chart below) we called the start of the new long-term Bullish Leg on Advanced Micro Devices (AMD), as a week before it entered the 2-year Higher Lows Zone and rebounded: Still, the road (green Channel Up) isn't without its hurdles, and one of them is this week where the price is again being brutally sold towards the Higher Lows Zone. Notice that during the previous 2-week correction (August 26 - September 03 1W candles), the Zone's top was tested and held. As a result, the multi-year trend remains bullish and will be this way for as long as the Higher Lows Zone holds. It is interesting to observe at this point that the Bearish Phase of this pattern (March 04 - August 05) was in the shape of a Bearish Megaphone and can be compared to the one that bottomed on October 10 2022 and practically started the new Bull Cycle. Notice also that so far each Bullish Leg (green Channel Up) rose by +141.87%. Within this comparison, and if we plot the Fibonacci levels from the Leg's bottom to top, we can see that the first Bullish Leg also had a rejection on the 0.618 Fib level and pull-back below the 0.786 into the Higher Lows Zone. Obviously the current correction isn't ideal but it is not something we haven't seen and is within the tolerance levels of this 2-year pattern. We expect another +141.87% rally to be concluded on this Bullish Leg, so our Target is straight up $295.00. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
Amd - Break, Retest And New All Time Highs!Amd ( NASDAQ:AMD ) is about to start another +100% rally: Click chart above to see the detailed analysis👆🏻 Amd just retested and rejected a major previous horizontal structure and is starting the next major bullish wave towards the upside. Looking at previous cycles and the rising channel pattern, it is quite likely that Amd will follow Nvidia and create new all time highs soon. Levels to watch: $130, $270 Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMDLong
by basictradingtv
4
Stock Analysis: Advanced Micro Devices (AMD) – October 30Technical Analysis and Price Targets Following AMD’s Q3 2024 earnings release on October 29, the stock is still positioned within a symmetrical triangle, signaling a potential breakout. The updated earnings data, along with key technical indicators, provide a refined outlook on AMD’s likely price movement. Bullish Scenario: A breakout above $170 could push the stock toward two main targets: Target 1: Around $186, aligning with previous resistance, would likely confirm buyer strength and signal renewed upward momentum. Target 2: Around $225.50, which would represent a multi-year high, indicating strong investor confidence in AMD’s growth potential within the AI and data center markets. Bearish Scenario: If AMD fails to hold support at $140, a breakdown could target lower levels: Target 1: Around $128.66, representing an initial support level that may signal sustained selling pressure. Target 2: Around $93.62, which would suggest a significant downtrend if broader tech market sentiment or sector-specific risks intensify. Key Technical Indicators Moving Averages: AMD’s 50-day moving average crossing above the 200-day average, forming a “golden cross,” suggests a potential bullish trend. Confirmation, however, is needed through a breakout above resistance. RSI: The Relative Strength Index is at 43, suggesting neutral-to-slightly oversold conditions. This leaves room for a potential bullish move if positive sentiment gains traction. ADX: With an ADX of 17, the current trend lacks strong direction. A rising ADX following a breakout would confirm the strength of the next move. Q3 2024 Earnings Summary -AMD’s Q3 earnings exceeded Wall Street estimates, with revenue reaching $6.82 billion compared to the expected $6.71 billion​ SHACKNEWS -The revenue increase was largely driven by the data center segment, which recorded $3.5 billion in sales—a year-over-year growth of 122%​ MARKETBEAT -This performance highlights AMD’s successful expansion in high-growth areas, particularly with its EPYC server processors and products geared toward AI applications. Despite the strong earnings, AMD’s stock reaction was mixed. The stock rose by $6.33 during regular trading hours on October 29 but fell by over $10 in after-hours trading. This cautious response likely reflects broader market concerns, including rising interest rates, economic uncertainty, and geopolitical factors such as U.S.-China trade tensions that may impact supply chains and production costs for semiconductor companies​ Sector and Economic Context AMD’s data center success comes amid a semiconductor industry facing complex conditions. Demand for AI and high-performance computing continues to drive growth opportunities. However, recent U.S. restrictions on chip exports to China and efforts to relocate manufacturing to the U.S. add layers of uncertainty. While reshoring may benefit companies like AMD in the long term, it could also lead to near-term logistical challenges and added costs. Macro factors, including high interest rates and potential economic slowdowns, also pose risks to tech stocks. Growth stocks like AMD are often more sensitive to rate hikes, as higher borrowing costs reduce the appeal of future earnings. Investment Strategy For Bullish Traders: If AMD breaks above $170 with high volume, it could signal a buying opportunity, targeting $186 and potentially $225.50. Given the company’s recent performance in AI and data centers, such a move would reflect confidence in its strategic direction and growth potential. For Bearish Traders: A breakdown below $140 could indicate a bearish setup, targeting $128.66 initially, with a possible extension to $93.62 if selling pressure intensifies. This approach may be favorable for traders looking to capitalize on downside risks associated with economic uncertainty and sector-specific challenges. Long-Term Investors: Those with a long-term perspective may see AMD’s current price consolidation as an opportunity to accumulate shares at a reasonable price, especially given its strong positioning in AI and data center markets. A cautious, dollar-cost averaging approach could mitigate short-term volatility while taking advantage of AMD’s growth potential in the semiconductor industry. Conclusion AMD’s Q3 2024 earnings highlight the company’s strength in high-demand sectors, yet the stock’s mixed response indicates investor caution. The anticipated breakout from the current triangle pattern will be crucial in setting the next trend. As AMD navigates a rapidly evolving industry landscape, investors should stay vigilant for both technical signals and broader economic developments to inform their strategies.
NASDAQ:AMD
by alfredomares2019
AMD (AMD): Trendline test coming - crucial for bullish case!Following the completion of wave 3, NASDAQ:AMD has also completed wave 4 with a near-perfect correction at the 78.6% Fibonacci retracement level. The rapid V-shaped recovery after the drop validates our count and points to continued bullish momentum as long as key support levels hold. AMD’s earnings report on Tuesday aligned with forecasts but projected slightly weaker revenue than expected for the upcoming quarter. This led to a 6% decline in after-hours trading, raising concerns about potential deceleration in AMD’s overall business, even as the company remains a key player in the AI chip sector alongside its competitor, Nvidia. From a technical perspective, NASDAQ:AMD now faces a crucial test. The stock must break through the resistance zone between $162 and $174 to confirm further upside potential. Failing to do so could result in a pullback to the trendline, a level that has been respected several times since early 2023. As long as the stock remains above the $120 level, we maintain our bullish outlook. However, losing this level would confirm a bearish trend shift. We expect continued volatility, particularly post-earnings, and will monitor for a potential move higher or consolidation around these resistance levels. We are optimistic about AMD’s prospects but await further developments at this critical juncture.
NASDAQ:AMDLong
by freeguy_by_wmc
AMD: New bullish wave to $197 has started.Advanced Micro Devices have entered a healthy bullish 1D technical outlook (RSI = 59.730, MACD = 0.360, ADX = 17.320) as the price crossed over the 1D MA200 today, with the 1D RSI above its MA since yesterday. Technically, it has started the 3rd bullish wave of the 3 month Channel Up. The two waves before this have risen by at least +31%, and that is our next target (TP = 197.00) for the next 2 months. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AMDLong
by InvestingScope
10
Earning report Today! Can $AMD breakout the downtrend line? Technically, AMD is closing to the downtrend line again. There was a FAKEOUT three weeks before.So will NASDAQ:AMD truly breakout the downtrend line this time? It will depends on the earnings report today! Here are 3 Things I'm Watching in NASDAQ:AMD 's Earnings on Tuesday 1. MI300 Series: Flagship AI GPU • Their new Instinct MI300 series GPUs are built to compete directly with NASDAQ:NVDA H100 chips, supporting both training and inference for large-scale AI models. The MI300 offers high memory capacity and multi-chip module (MCM) architecture, making it suitable for AI workloads that require massive data processing. Early deployments include partnerships with key cloud providers like NASDAQ:MSFT Azure -- which is leveraging AMD’s GPUs for its AI infrastructure. 2. AI-Powered Accelerated Processing Units (APUs) • Their APUs, which combine CPU and GPU capabilities on a single chip, are designed to handle AI tasks efficiently in edge computing and consumer applications. For instance, AMD’s latest Ryzen AI-powered APUs provide AI acceleration directly in laptops -- aiming to improve tasks like image processing and natural language interactions. 3. Capturing AI Market Share • Their approach is centered around capturing a larger share of the rapidly growing AI semiconductor market, which is projected to surpass $400B by 2030. As AI models become more sophisticated, they require increased computational resources. AMD’s focus on energy efficiency and competitive pricing allows it to offer alternatives to Nvidia, making it more appealing to enterprises managing rising energy costs and budget constraints. Unlike Nvidia, which has historically focused on high-end GPUs, AMD’s diverse product mix, including CPUs, APUs, and data center GPUs, enables it to serve a broader range of AI use cases. This could lead to more consistent revenue growth as AI applications proliferate beyond just data centers -- spreading into edge devices and personal computing.
NASDAQ:AMDLong
by xugina78
AMD correction done. TIME TO RISE! Huge bargain deal.AMD went on a good correction phase after touching a recent peak at 220 area following the market's long term trim action. Profit takers has swept the market even the top guns with the likes of NVDA, TSLA, AMZN, AAPL. Based on recent data, it looks like the market's correction has more-or-less come to an end -- and net positioning for most blue chip stocks has already commenced. AMD is one stock which you can't dismissed it's price growth potential after that huge discount drop. You know it's a bargain when a growth company gives it to you -- and not just a growth company, a major chipmaker / tech giant which the world can't live without. with the advent of AI and modern tech revolutions, AMD is one stock you can bet in the next 50-100 years. Based on recent daily data, we are currently bouncing off a major order block support at 150.0 area -- and a significant shift has been spotted. More series of ascending action is expected from this range -- with a possible breakout of its recent peak at 220 this year. This one, I won't doubt. Spotted at 150.0 TAYOR.
NASDAQ:AMDLong
by JSAL
3
Focus on demand in semiconductors, NVDA leading the way.While there are minor disputes among smaller semiconductor firms, the real focus should be on demand. NVDA is making tremendous strides in the data center space. My long-term target is around $171, but in the short term, we need a weekly close above $140.76 for confirmation. I'm a buyer near $141, with $136.15 standing out as the most attractive entry point in the support zone. Falling below this level could lead to short-term frustration.
NASDAQ:NVDALong
by Tolgaun6
Advanced Micro Devices | AMD Team RED is READY As with any competitor, a quarterly earnings report from a peer can provide great insight into the market. For Advanced Micro Devices, the Q2'23 earnings report from Intel provides great views on the surging demand for AI chips and a rebound in PC demand crucial for AMD The most immediate signal from Intel beating Q2'23 estimates and guiding up for Q3 is the rebound in PC demand. Most importantly, the inventory correction appears over with OEMs no longer digesting chip inventory.Back in Q3'22, AMD shocked the market by cutting PC revenue estimates by $1 billion. The company quickly went from $2 billion in quarterly CPU sales for PCs to less than $1 billion. Intel still reported Q2 Client Computing revenue was down 12% YoY to $6.8 billion, but the number was up $1.0 billion sequentially. The chip giant guided up Q3 revenue to $13.4 billion, up $0.5 billion sequentially.In Q1'23, AMD reported that client revenues had fallen further to only $739 million. AMD CPU revenues are now far over $1 billion per quarter below the peak levels providing substantial upside potential when the PC market normalizes. Intel discussed a mixed picture for their business in the near term due to AI. The chip giant is seeing a wallet share shift from the sever CPU spend towards AI chips.The move is both good and bad for AMD. The company has the MI300 AI GPU chip hitting the market in Q4 providing a strong competitor to the booming demand for the H100 from Nvidia, but the chip isn't out on the market yet. In the near term, AMD may see some suppressed data center demand while heading into 2024. Ultimately, the company should see upside from AI demand for the MI300 along with the Alveo AI accelerator.On the Q2'23 earnings call, Intel CEO Pat Gelsinger suggested the AI pipeline for 2024 had surged to $1 billion: In my formal remarks, we said we now have over $1 billion of pipeline, 6x in the last quarter. Going back a few months, Morgan Stanley had estimated the AI potential for AMD was only $400 million with upside potential to $1.2 billion. The Intel forecasts would suggest the AI potential for AMD is far higher next year when the MI300 is in full-scale production. Nvidia guided up current quarter sales estimates by 50% to over $11 billion. The company suggested data center sales would reach $7+ billion in the quarter. AMD has only seen data center sales reach $1.3 billion in quarterly sales leaving a huge gap from Nvidia. Even Intel still hit $4.0 billion in data center sales during Q2'23, though the amount is down nearly 20% form 2022 levels due in part to losing market share to AMD. The big issue for AMD is whether data center sales growth stalls causing a miss to 2H sales targets while booming AI demand ultimately boosts sales starting in Q1'24, or maybe Q4. The chip company peaked at quarterly sales of $6.6 billion back Q2'22 and the current quarterly analyst estimates aren't very aggressive. A rebound in PC demand to more normalized levels places AMD back at the Q4'23 revenue target of $6.5 billion alone. A PC rebound to normal digestion ($2 billion quarterly run rate) along with higher data center or AI demand leads to vastly higher revenues in 2024. The current analysts aren't even factoring in much growth in the Q2'24 revenue estimate of $6.76 billion. The amount is just 4% upside from Q2'22 despite potentially surging demand from AMD entering the AI GPU space. AMD is set to report earrings after the close on August 1. Investors should focus less on the Q2 numbers or even Q3 guidance and focus more on a return to more normalized revenue levels plus the upside from AI.Our view has long held that AMD has the earnings potential of $5 to $6 and the AI opportunity is all upside to this view. The key investor takeaway is that AMD is still $50 below all time highs while Nvidia has soared over $100 above the late 2021 highs. Investors should use the current weakness in AMD to load up on the stock while leaving some capital to buy any weakness following Q2 earnings due to the potential for near term disappointment leading to long term opportunities.
NASDAQ:AMDLong
by moonypto
12
AMD (Advanced Micro Devices, Inc.) BUY TF D1 TP = 184.94On the D1 chart the trend started on Aug.8 (linear regression channel). There is a high probability of profit taking. Possible take profit level is 184.94 This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.” Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelievelnTrading
NASDAQ:AMDLong
by WeBelieveInTrading
LRCX in the same position and price AMAT was this time last yearLRCX following in the foot steps of AMAT to $295? AMAT also repeating the same move it made a year ago right now as well. Both are in the same field both are involved in the production of Ai processors and the tools to make them. I think its ironic that LRCX just happens to be in the same pattern on the same month AMAT started its nose bleed run up. Option shares right now are expensive for a $74 stock no matter how long or short you look. Somethings going on and the companies in the semiconductor industry know it. Nvidia and AMD prices right now are very inviting which means they had to reduce their prices either by splitting them or something but they must know that a boom is about to happen and they needed to make their prices in line with what is about to happen. I haven't looked at stock options in over a year and I was surprised to see everyones prices had gone up. Yet Semiconductors all seem to be price point. With the materials side looking Bullish as hell. I am just saying keep your eyes open on this because its about to happen all over the place.....a shift a huge shift. by iCantw84it 10.16.24
NASDAQ:LRCXLong
by iCantw84it
AMD: 4H Golden Cross is the best buy signal you can get.Advanced Micro Devices may be having a noticeable correction that turned the stock back to neutral both on the 4H and 1D technical outlook (RSI = 54.728, MACD = 5.610, ADX = 40.223) but it just formed the strongest bullish pattern of all: a Golden Cross on the 4H chart. In the past 2 years we've been given another two 4H Golden Crosses and both turned out to be the utmost bullish validation for enormous rallies, which in both cases extended at +141% from the bottom. We expect another such run and now we have the best confirmation (TP = 290.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AMDLong
by InvestingScope
2
80% gains AMD/NVDA Pairs Trade: Best Level to BUY/HOLD AMD🔸Hello traders, today let's review 4hour price chart for AMD. Price structure is bullish inverted H*S setup with reload zone bulls near 150 usd, currently expecting rejection near overhead resistance. 🔸AMD is trailing behind NVDA so far this year, YTD gains of 17%, NVDA YTD gains at 167%. AMD is trailing behind NVDA massively and expecting mean reversion / catch up trade later in 2025. AMD market cap sits at 250 bln USD so it's an easy double from here. Fair value for AMD is 500 bln USD, NVDA is valued at 3 T right now, which is massive. 🔸Recommended strategy bulls: Bulls wait for rejection from overhead resistance to confirm IHS setup / near 175 usd and wait for pullback/correction into mirror S/R level at 150/155 USD. BUY/HOLD setup, SL fixed at 125 USD TP1 is 250 USD TP2 is 300 USD in 2025. This is a swing trade setup with 80%+ upside potential, naturally more patience required to hit targets. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NASDAQ:AMDLong
by ProjectSyndicate
29
Intel GAP fill then ATHLong term calls for about two years out on INTEL is a sure fire play. Leadership restructuring, AI chips, and a company with too much to lose. Intel is still the number one choice for any windows pc. It did not deserve to go down, easiest play in history, and is not going to dip under MA180, if it gets near the MA180 I would load up on a position surely or average down. Its climbing slowly and I doubt the company would get sold, if it did I can only see it becoming more bullish. Feel free to voice your opinions in comment section bellow. Thanks Ben
NASDAQ:INTCLong
by benarcotta