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Advanced Micro Devices

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Last Updated: 19 October 2021

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General | Latest Info

Advanced Micro Devices

Area servedWorldwide
FoundedMay 1, 1969 ; 52 years ago ( 1969-05-01 )
FounderJerry Sanders
HeadquartersSanta Clara , California , U.S.
IndustrySemiconductors
Key peopleJohn Edward Caldwell ( chairman ), Lisa Su ( president and CEO ), Mark Papermaster ( CTO )
Net income$2.49 billion (2020)
Number of employees12,600 (2020)
Operating income$1.37 billion (2020)
ProductsCentral processing units Graphics processing unit Microprocessors Systems-on-chip (SoCs) Motherboard chipsets Network interface controllers Embedded processors Solid-state drives Drivers TV accessories
Revenue$9.76 billion (2020)
Total assets$8.96 billion (2020)
Total equity$5.84 billion (2020)
Traded asNasdaq : AMD, Nasdaq 100 component, S&P 500 component
Twitter@amd
TypePublic company
Websiteamd .com

Advanced Micro Devices Inc is trading greater on Wednesday.

This graphics card leverages breakthrough AMD RDNA 2 architecture. AMD was up 3. 71% at $108. 94 in Wednesday mid-day trading.

Shares aim to have burst out of what technological investors call a pennant pattern. If the supply can hold over the breakout degree, the supply might see an additional higher push. The stock trades over both the 50-day relocating average and the 200-day moving average, indicating the stock is seeing favorable belief. Bullish investors would love to see the stock remain to damage out and push higher for a time. Bearish traders are trying to find the stock to fall back into the pennant pattern and after that fall listed below pattern support. Bears would additionally like to see the stock fall listed below the relocating standards for a possible change in view.

Further, FAANG finished greater, with the exemption of Apple -Get Apple Inc. Record, while Tesla -Get Tesla Inc Report, VanEck Semiconductor ETF -Get VanEck Vectors Semiconductor ETF Report and ARK Innovation ETF -Get ARK Innovation ETF Report all climbed on the day.

Now the inquiry stays, just how far can AMD stock go from right here? AMD, Apple and Nvidia are holdings in the Action Alerts PLUS member club.

On Oct. 5, I reviewed acquiring the dip in Nvidia. For AMD, the stock offered bulls a clean ABC improvement back down to the $100 degree and the outbreak place from the prior high. Now allow's see if AMD can reach the B leg high near $114. 50. Rising bond returns have considered on expanding supplies just recently, and although AMD has stood up fairly well through general market disturbance, the stock does not have favorable quantity.

See Also: Is Advanced Micro Devices Stock a Good Buy?

Bulls would love to see AMD break over Tuesday's high of $102. 87 for more confidence a new uptrend might be in the works. Bulls wish to see huge bullish volume come in and stand out AMD up above the EMAs, which would help the stock restore a resistance level at $103. 83. If the stock can get to the level support once more, it could damage up bullishly with the falling wedge and make a run for the $107. 65 degree.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

Related video

22 November 2019Advanced Micro Devices CEO: Going after 'secular growth' in high-performance computing

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Advanced Micro Devices (latest news)

Advanced Micro Devices Inc is trading higher on Wednesday.

This graphics card leverages breakthrough AMD RDNA 2 architecture. AMD was up 3. 71% at $108. 94 in Wednesday mid-day trading. The stock could see an additional upward push if the supply can hold over the outbreak level. The stock trades over both the 50-day relocating typical and the 200-day relocating average, indicating the supply is seeing favorable belief. Favorable traders want to see the supply proceed to burst out and push higher for a while. Bearish traders are looking for the stock to fall back into the pennant pattern and then fall below pattern assistance. Bears would also like to see the stock fall listed below the moving standards for a feasible adjustment in view.

Additionally, FAANG finished greater, with the exemption of Apple -Get Apple Inc. Record, while Tesla -Get Tesla Inc Report, VanEck Semiconductor ETF -Get VanEck Vectors Semiconductor ETF Report and ARK Innovation ETF -Get ARK Innovation ETF Report all climbed up on the day.

Now the concern continues to be, simply how far can AMD stock go from here?

AMD, Apple and Nvidia are holdings in the Action Alerts PLUS participant club.

Wish to look out prior to AAP gets or markets AMD, AAPL or NVDA? For AMD, the stock provided bulls a clean ABC improvement back down to the $100 degree and the outbreak area from the previous high. If AMD can obtain to the B leg high near $114. 50, currently let's see. Rising bond returns have evaluated on growing supplies just recently, and although AMD has stood up relatively well through overall market disturbance, the stock does not have bullish volume.

See Also: Is Advanced Micro Devices Stock a Good Buy? Bulls want to see AMD break over Tuesday's high of $102. 87 for even more self-confidence a new uptrend might remain in the works. Bulls want to see huge favorable quantity come in and pop AMD up over the EMAs, which would assist the supply gain back a resistance degree at $103. 83. It can break up bullishly through the falling wedge and make a run for the $107. 65 degree if the supply can get to the degree assistance once again.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Sources

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

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