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Posted by
Two Blokes Jun 18 -
Filed in
Stock
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7 views
I'm maintaining Advanced Micro Devices, Inc. with a Buy rating, as the stock gains momentum and the market recognizes its AI potential beyond being Nvidia's runner-up. AMD's new MI400 and MI355X chips, competitive pricing, and major partnerships position it to capture meaningful AI market share as hyperscalers diversify suppliers. Technical indicators show strong momentum and a clear uptrend. As long as AMD holds above $120-$125, I expect further upside in the near term.
