Latest news with #MicroDevices
Yahoo
10 hours ago
- Business
- Yahoo
Watch These AMD Price Levels as Stock Hits 5-Month High Following Last Week's AI Showcase
AMD shares continued gaining ground Tuesday, boosted by upbeat Wall Street commentary following the chipmaker's "Advancing AI" event last week. The stock broke out from a pennant pattern earlier this month and closed above the closely watched 200-day moving average in Monday's trading session. Investors should watch crucial overhead areas on AMD's chart around $145, $160 and $175, while also monitoring support levels near $115 and $ Micro Devices (AMD) shares continued gaining ground Tuesday, boosted by upbeat Wall Street commentary following the chipmaker's "Advancing AI" event last week. Piper Sandler on Monday raised its price target for the stock and expressed enthusiasm for AMD's recently unveiled Helios server rack architecture, which will combine the company's next-generation AMD MI400 chips into one larger system. The investment bank pointed out that the hardware, anticipated for release in 2026, is "pivotal" for the growth of AMD Instinct GPUs. Meanwhile, analysts at Bank of America speculate that the chipmaker could announce Amazon (AMZN) as a partner after the tech giant's cloud unit, Amazon Web Services (AWS), was a key sponsor of last week's event. AMD shares rose 0.6% to around $127 on Tuesday, after surging nearly 8% yesterday to pace S&P 500 advancers. The stock is up 66% from its early-April low, though has gained just 5% since the start of 2025 amid uncertainty over chip export curbs and the company's ability to capture a greater share of the lucrative AI chip market that's now dominated by Nvidia (NVDA). Below, we break down the technicals on AMD's chart and point out crucial price levels worth watching out for. After hitting their May high, AMD shares formed a pennant, a chart pattern that signals a continuation of the stock's uptrend that started in early April. Indeed, the stock broke out from the pattern earlier this month and staged a volume-backed close above the closely watched 200-day moving average in Monday's trading session. Moreover, the relative strength index indicates bullish momentum, generating a reading just below the indicator's overbought threshold. Let's identify three crucial overhead areas on AMD's chart to watch and also point out support levels worth monitoring. Follow-through buying could trigger an initial rally toward $145. This area may provide overhead selling pressure near several peaks and troughs that formed on the chart between April and December last year. A decisive close above this crucial area may see the shares test resistance around $160. Investors could seek to lock in profits in this location near a trendline that connects a range of corresponding trading activity that developed on the chart from April to October last year. The next overhead area to watch sits at $175. The shares may run into sellers in this region near prominent peaks that emerged in May and October last year. During retracements in the stock, it's firstly worth monitoring the $115 level. The stock could encounter support near last week's retest of the pennant pattern's breakout point, which also closely aligns with a range of price action stretching back to mid-January. Finally, selling below this level opens the door for a drop to lower support around $108. Investors could seek to accumulate AMD shares in this location near the low of the pennant pattern and early-February low. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia
Yahoo
10-06-2025
- Business
- Yahoo
Watch These AMD Price Levels as Stock Jumps to Highest Level Since January
Advanced Micro Devices shares closed at their highest level since January on Monday, lifted by optimism that trade discussions between the U.S. and China could lead to reduced export curbs. After breaking out from a descending broadening formation last month, AMD shares have traded mostly sideways just below the closely watched 200-day moving average. Investors should monitor major overhead areas on AMD's chart around $123, $145 and $175, while also watching a key support level near $ Micro Devices (AMD) shares will likely remain in focus after hitting their highest level since January on Monday, lifted by optimism that trade discussions between the U.S. and China could lead to reduced export curbs. Chipmakers rallied after White House National Economic Council Director Kevin Hassett said on CNBC early Monday that officials from Washington and Beijing intended to discuss the release of rare earth minerals to the U.S. and the expansion of Chinese access to American-made semiconductors during talks between the two countries taking place in London this week. In April, AMD cautioned its results would be affected by charges of roughly $800 million related to tightening restrictions on sales of its chips to China, while rival AI behemoth (NVDIA) warned it would take a potential $5.5 billion charge related to limits on exports of its H20 chip. AMD shares gained nearly 5% on Monday to close at around $122. The stock has risen nearly 60% from its early April-low, putting it back to where it started 2025, as investors assess whether the company can make further inroads into the booming AI chip market. Investors will learn more about AMD's plans for artificial intelligence at the company's "Advancing AI" event on Thursday, which features a keynote address from CEO Lisa Su. Below, we take a closer look at AMD's chart and use technical analysis to identify major price levels that investors will likely be monitoring. After breaking out from a descending broadening formation last month, AMD shares have traded mostly sideways just below the closely watched 200-day moving average (MA). More recently, the stock's price has nudged toward the May high, a move that has coincided with the relative strength index indicating strengthening price momentum. It's also worth pointing out that the shares registered their highest trading volume in nearly a month on Monday, indicating growing interest in the chipmaker's stock. Let's identify three major overhead areas on AMD's chart to monitor if the shares continue to trend higher and also locate a key support level worth watching during possible retracements. The first overhead area to monitor sits around $123. This area may provide resistance near the May swing high, which also closely aligns with last year's prominent early-August sell-off swing low. A decisive close above the 200-day MA could spark a rally toward $145. The shares may run into selling pressure in this location near a trendline that connects a range of corresponding trading activity on the chart between April and December last year. Further buying could see the stock's price test higher overhead resistance around $175. Investors who have accumulated shares at lower levels may decide to lock in profits in this region near notable peaks that developed on the chart in May and October 2024. During retracements in the stock, investors should keep a close eye on the $108 level. This area on the chart would likely attract buying interest near last month's pullback low and the stock's early-February trough. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Watch These AMD Stock Price Levels as 6-Session Winning Streak Snapped
Advanced Micro Devices shares fell Thursday after gaining ground for six consecutive days amid optimism about recently announced AI deals and share buyback plans. Momentum had accelerated in recent trading sessions after the stock broke out above the 50-day moving average and a descending channel, though the relative strength index flashed overbought conditions. Investors should watch crucial support levels on AMD's chart around $110 and $96, while also monitoring important resistance levels near $132 and $ Micro Devices (AMD) shares fell Thursday after gaining ground for six consecutive days amid optimism about recently announced AI deals and share buyback plans. The chip designer's stock rallied to it highest level since early February on Wednesday after the company approved an additional $6 billion to its share repurchase plan, upping its buyback program to $10 billion. The buyback news came on the heels of the chipmaker and AI favorite Nvidia (NVDA) announcing Tuesday they would supply semiconductors to Saudi Arabian AI startup Humain as part of initiatives announced as President Donald Trump kicked off a four-day trip to the Middle East. AMD shares fell about 2% to just under $115 on Thursday. The stock is up 50% from its early-April low and has gained 17% since May 6, when the company posted better-than-expected earnings and an upbeat outlook driven by AI momentum. Below, we take a closer look at the technicals on AMD's chart and identify crucial price levels worth watching out for. Since a bear trap marked the bottom in AMD shares last month, the price has broken out above the 50-day moving average and a descending channel, with gains accelerating in recent trading sessions. However, while the relative strength index (RSI) confirms bullish price momentum with a reading above the 70 threshold, it also flashes overbought conditions, potentially leading to a period of-near-term consolidation. Let's identify crucial support and resistance levels on AMD's chart that investors will likely be watching. A pullback in the shares could initially bring the $110 level into play. The shares may find support in this area on the chart near the October 2023 swing high, which also closely corresponds with a range of trading activity between February and May this year. Further downside could see the shares revisit lower support around $96. Investors may seek buying opportunities in this location near a horizontal line that connects three prominent troughs on the chart stretching back to the September 2023 low. A continuation of stock's recent bullish momentum could propel a move northward toward $132, This area, currently just above the closely watched 200-day moving average, may provide overhead selling pressure near last August's notable swing low and January's countertrend high. Finally, buying above this level opens the door for a rally up to the important $150 region. Investors who have accumulated AMD shares at lower prices may decide to lock in profits in this location near a trendline that links multiple peaks and troughs on the chart from December 2023 to November last year. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia
Yahoo
18-04-2025
- Business
- Yahoo
Watch These AMD Price Levels as Stock Slides Amid New U.S. Rules on Chip Exports to China
AMD shares fell again Thursday, a day after the chipmaker joined a sector-wide sell-off following news that the U.S. had imposed new licensing requirements on some AI chip exports to China. The stock has recently formed a piercing pattern, a two-day candlestick price pattern that marks a potential reversal from a downward trend to an upward trend. Investors should watch major support levels on AMD's chart around $76 and $65, while also monitoring key resistance levels near $116 and $ Micro Devices (AMD) shares lost ground again Thursday, a day after the chipmaker joined a sector-wide sell-off following news that the U.S. had imposed new licensing requirements on some AI chip exports to China. AMD said via a regulatory filing that the new chip curbs would see it face charges of up to $800 million related to the export of its MI308 graphics processing unit (GPU), a chip designed for compute-intensive applications, such as AI and gaming. AMD shares have tumbled 28% since the start of the year and lost 43% of their value over the past 12 months amid concerns about slowing AI infrastructure spending and the company's inability to capture a greater share of the AI chip market from sector bellwether Nvidia (NVDA). The Trump administration's trade policies have added to the uncertainty surrounding the stock. Below we analyze AMD's weekly chart and identify major price levels that investors will likely be watching. After breaking down below the neckline of a head and shoulders formation in December, AMD shares trended sharply lower until last week's volume-backed rebound, potentially laying the groundwork for a longer-term reversal. Importantly, the move created a piercing pattern, a two-day candlestick price pattern that marks a potential reversal from a downward trend to an upward trend. However, selling resumed this week, with the relative strength index (RSI) edging back toward oversold levels to confirm bearish short-term price momentum. Looking ahead, investors should watch for the indicator to potentially break out above a falling wedge pattern it has formed over the past seven months. Let's locate major support and resistance levels by applying technical analysis to AMD's chart. AMD shares fell 0.9% to $87.50 on Thursday. The first lower level to watch sits around $76. This area would likely attract significant scrutiny near last week's low, which also closely aligns with a range of corresponding trading activity on the chart stretching back to September 2020. Selling below this level opens the door for a retest of lower support at $65. Investors could seek buying opportunities in this location near the December 2022 retracement low, a region the marked the start of a 14-month uptrend in the stock. A move higher from current levels could see the shares initially climb to around $116. This region provides a confluence of selling pressure near the 200-week moving average, last month's countertrend high, and a range of comparable price points on the chart extending back to August 2021. Finally, a longer-term trend reversal in the stock could fuel a rally to $150. Investors who have accumulated shares during the stock's downtrend may look for profit-taking opportunities in this location near a horizontal line that connects several minor peaks on the chart between December 2021 and August last year. Depending on the timing of such a move, AMD shares may also encounter resistance in this area from the head and shoulders' neckline. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia
Yahoo
15-04-2025
- Business
- Yahoo
Advanced Micro Devices, Inc. (AMD): Faces China Risk and Nvidia's Lead
We recently published a list of . In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against other AI stocks to watch amid market volatility. The uncertain macroeconomic environment is diminishing investors' readiness to pay high prices for stocks related to artificial intelligence. Despite the continued buzz around the technology, no one seems interested in buying the falling stocks. Fluctuating tariff policies from the Trump administration have concerned Wall Street and disrupted global supply chains. The cost of AI infrastructure has increased drastically, especially for companies relying on imported components. READ ALSO: and . The narrative around AI stocks has also begun to change because investors are critiquing that prices have become too expensive, and because there is intensifying competition from Chinese companies developing their own AI offerings. In the latest news, seven Republican U.S. senators have also sent a letter to U.S. Commerce Secretary Howard Lutnick. The letter urges him to get rid of a Biden administration rule that restricts global access to AI chips before it kicks in next month. The letter claims that the AI diffusion rule will deter U.S. leadership in artificial intelligence, which is why it demands an 'immediate action' to halt it. The rule is set to take effect on May 15. 'Every day this rule remains in place, American companies face mounting uncertainty, stalled investments, and the risk of losing critical global partnerships that cannot be easily regained. We urge you to withdraw this rule and propose an alternative that is effective in preventing Communist China from capturing the world market in leading technology without compromising American advantages.' It also noted how the rule puts countries into three tiers, with only 18 nations in the Tier 1 group with the easiest access to American technology. Those in tier 2 have to face 'arbitrary purchase limits and a cumbersome licensing process.' Meanwhile, it asserted that Tier 3 countries are already 'rightly restricted.' For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close up of a complex looking PCB board with several intergrated semiconductor Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications. On April 8, KeyBanc analyst John Vinh downgraded the stock to 'Sector Weight' from Overweight without a price target amid escalating tariff risks and price competition. With export restrictions likely to limit demand for AMD's chips from Chinese hyperscalers, the firm believes AMD could face greater competition from Nvidia and a slowdown in the China business. 'China AI demand may not be sustainable and may be at risk, while NVDA is so far ahead with GB200/NVL. We estimate 2025 MI308 GPUs volumes at 300K and reflect the majority of the growth for AMD. Excluding China, there is very little to no growth in AI GPUs this year.' Vinh further talked about the limited opportunity to gain additional shares in the PC and server market when compared to Intel. 'We believe AMD will be forced to react to INTC's aggressive price actions in the range of 20-40% on Lunar Lake in order to maintain/regain lost market share to INTC. While the stock is relatively inexpensive, trading at 13x our 2026 EPS estimate, semiconductor stocks rarely work with risk to GMs, which we are increasingly concerned about given the aggressive price cuts by INTC.' Overall, AMD ranks 9th on our list of AI stocks to watch amid market volatility. While we acknowledge the potential of AMD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AMD but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
