AMD OppurtunityGreat oppurtunity is at the door... I believe after FED's peak, golden days of microchips will return.
AMDD trade ideas
AMD Surges as AI Optimism Fuels Stock Rallysemiconductor giant Advanced Micro Devices ( NASDAQ:AMD ) is experiencing a significant surge in its stock value, driven by growing optimism in the artificial intelligence (AI) sector. Analysts are revising their price targets upward, reflecting a bullish outlook on AMD's future prospects. This surge is part of a broader trend in the industry, where companies are strategically positioning themselves to capitalize on the burgeoning AI market.
Key Catalysts:
1. Barclays' Bullish Stance: Barclays has named NASDAQ:AMD a "Top Pick" for the "2nd Wave of AI," boosting investor confidence. The investment bank raised its price target for NASDAQ:AMD shares from $120 to an impressive $200, suggesting a more than 30% premium compared to the stock's trading levels at the time of the upgrade. This move follows Barclays' observation that 2024 is poised to be a pivotal year for AI, with chipmakers like NASDAQ:AMD gaining market share.
2. Supply Chain Dynamics: With supply constraints impacting the industry, customers are reportedly opting for NVIDIA's entire platform to secure priority shipments of accelerators. This scenario has inadvertently benefited NASDAQ:AMD , contributing to a notable 7.5% surge in its stock price to $157.57, reaching its highest level in more than two years.
3. AI Market Expansion: As the AI market continues to expand, NASDAQ:AMD is strategically positioning itself to challenge NVIDIA's dominance in the sector. In response to tightened U.S. export rules, NVIDIA plans to commence mass production of an AI chip designed for its Chinese customers later this year. Meanwhile, in December, NASDAQ:AMD announced two new AI data center chips, signaling its commitment to competing with NVIDIA's flagship microprocessors.
Analyst Perspectives:
Analysts from KeyBanc have also revised their price targets, with NASDAQ:AMD receiving an increase to $195 from $170. NVIDIA's price target has been raised to $740 from $650 by the same analysts. These adjustments reflect a positive sentiment towards both companies, positioning them as attractive investment opportunities. The industry-wide PHLX semiconductor index is up 1.15%, further emphasizing the positive momentum in the semiconductor sector.
Market Reflection:
The market's response to these developments is characterized by the notable volatility in NASDAQ:AMD 's shares, with 22 moves greater than 5% over the past year. However, today's 5.8% jump suggests that while the news is deemed meaningful, it may not fundamentally alter the market's perception of $AMD. The company's shares have experienced significant moves in recent weeks, notably gaining 5.2% just eight days ago, indicating a dynamic market environment.
AMD's Strategic Moves:
NASDAQ:AMD 's recent announcement of the Radeon RX 7600 XT graphics card ahead of CES 2024 adds another layer to its strategic positioning. The graphics card, equipped with features like AMD FidelityFX Super Resolution and HYPR-RX, aims to provide seamless gaming experiences and cater to content creators, enhancing productivity and quality.
Conclusion:
In a landscape where AI-powered technologies are gaining prominence, NASDAQ:AMD 's strategic moves and the bullish outlook from analysts signal a compelling narrative for investors. The company's ability to navigate supply chain challenges, coupled with its advancements in AI-centric offerings, positions it as a key player in the evolving semiconductor industry. As the market continues to recognize NASDAQ:AMD 's potential, investors may find this juncture an opportune moment to delve into the promising prospects that the company presents.
AMD - DESCENDING BROADDENING WEDGESA breakout from descending broadening wedges. The upward trend had stopped.
Action: Short
Target: Support level
Profit: Around 25%
AMD 158, CUP AND HANDLE COMING UPBased on my observation on AMD, on daily chart, a cup is formed and the handle is almost complete, im taking my win at 158$ , and if its break more than that, We will wait till it reaches its new support.
AMD broke out Diamond pattern AMD has recently broken out a diamond pattern after reaching a lower point of a down trend.
AMD - Pattern TradeSpotted this bullish pattern on $AMD! We are Targeting $146 as a profit-taking area. This stock has a history of consolidating before major upward moves. Plus, its one of the hottest stocks now with immense volume. Let's ride the wave! #AMD
AMD INV H&S ( SHORT TERM BULLISH )
AMD Inv. H&S, high chance of another bullish leg up to capitalize off of. The reasoning for short term bullish is due to the fact that the weekly time frame is over extended with a similar historial pattern to the previous "top" of AMD's weekly high before falling to correct.
AMD AnalysisPrice played out nicely as analyzed last week, giving us a nice +5.76% move to the upside after grabbing the sell-side liquidity at 135.37. Price has made an equal high at 151.05 which will be taken to push price higher, or to further mitigate the current bearish order block for a bearish move. Next target from here is most probably the liquidity above that equal highs.
AMD RSI divergeance. Shorting break of Fridays low.
Sector charts showing divergeance in MACD and RSI. target is 50D MA.
AMD Harmonic Elliott Wave and Hurst's Cyclic AnalysisReview:
Let's review the key points of the previous update (Oct. 14th):
October 2022 to Jun 2023 as a wave (a) of I and since then, we are in wave (b) of I, correcting that whole bullish move.
Wave (b) is developing as a triple zigzag and currently, we are starting wave y of (b).
20W cycle trough in the first week of November.
Huge amount of bearishness going into this trough, also a strong bounce out of it.
Update:
From October 12th to 26th we got a strong bearish move as wave y and we also got the strong bounce out of it (we had identified the structure correctly). The only difference was that we did not form the third zigzag as expected and started making higher highs.
Analysis of the Structure:
We are in wave C of (5) of C of III.
Analysis of the Cycles:
We are in the second 10D cycle of the first 20D cycle of the first 40D cycle of the second 80D cycle of the first 20W cycle of the current 40W cycle.
20D cycle trough expected on January 19th. It's FLD has generated an upside target of 159.43.
40D cycle trough is expected February 2nd-6th.
20W cycle trough on March 11th.
AMD?interesting chart. i have the AVWAP at the 52 week low showing confluence with the support trend line. after earnings and fed speak we broke out the channel. were coming close to geting above the 0.68 fib retrace from last high 132/133ish area.
were also tradin above the 200-100-50 moving averages
that can also be a giant bull flag and cup and handle and all those measured moves take you to key areas. idk if it gets there or when. but just a text book looking chart right now.
The goal of reducing $40According to the Butterfly pattern, the decline at the target of $ 40 ideally converges. We also go down the channel where the lower border of the channel will be. All 2 parameters should be added together. We should reach it by the end of 2024, there will be a great point for going to long.
AMD Correction expected on this Double Top.Advanced Micro Devices (AMD) has given excellent pull-back buy opportunities since our last analysis (December 12 2023, see chart below):
We believe though that it is time to take profit on those buy positions as the short-term Channel Up has made a Double Top similar to the June 13 2023 pattern, which started a prolonged correction. Even though the new correction doesn't have to be that long, even a shorter one is plausible as the same 1D RSI Bearish Divergence (on Lower Highs) that we currently have, was seen on all corrections within the 18-month Channel Up, with the shortest of them being -15%.
Assuming this worst case scenario, we turn now bearish and target 129.00 (-15% from the Top). Then as long as the 1D MA200 (orange trend-line) holds, or even if broken when it gets reclaimed, we will buy again for the long-term.
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AMD's Strategic Moves & Innovations
Advanced Micro Devices ( NASDAQ:AMD ) is making waves in the tech industry, unveiling an array of groundbreaking products set to redefine the gaming and desktop computing landscape. With the launch of the Radeon RX 7600 XT graphics card and the Ryzen 8000G series desktop processors, AMD is strengthening its position in the market, challenging competitors, and signaling a promising future.
Radeon RX 7600 XT: A Game-Changer in Graphics Performance
NASDAQ:AMD 's latest graphics card, the Radeon RX 7600 XT, is set to revolutionize gaming experiences with its impressive features. Boasting 16GB of high-speed GDDR6 memory, the graphics card supports next-generation AI and content creation workloads. This move enhances AMD's competitive edge against industry giant NVIDIA, particularly the GeForce RTX 2060.
What sets the Radeon RX 7600 XT apart is its compatibility with AMD FidelityFX Super Resolution and HYPR-RX, along with AMD Fluid Motion Frames. This combination promises up to 1.9 times faster gaming and raytracing performance compared to the NVIDIA GeForce RTX 2060, showcasing AMD's commitment to delivering cutting-edge technology to its user base.
The graphics card is slated for release on January 24, 2024, through leading NASDAQ:AMD board partners such as Acer, ASRock, ASUS, Gigabyte, PowerColor, Sapphire, and XFX. This strategic move positions AMD as a key player in the gaming hardware market, ready to cater to the demands of enthusiasts and professionals alike.
Ryzen 8000G Series: Unleashing Desktop Power
The introduction of the Ryzen 8000G series desktop processors for the AM5 platform is another testament to AMD's commitment to innovation. The Ryzen 7 8700G, with its world-leading built-in graphics, features up to eight cores and 16 threads, offering a powerful solution for desktop users.
NASDAQ:AMD is also bringing Ryzen AI to the desktop, unlocking new possibilities for consumers in the AI space. Additionally, the Ryzen 5000 processors, including the Ryzen 7 5700X3D with 3D V-Cache technology, further solidify AMD's position as a leader in high-performance CPUs.
Riding the Wave of Success: AMD's Strategic Vision
NASDAQ:AMD 's success story is closely tied to its strategic decisions, particularly under the leadership of CEO Lisa Su. Over the past few years, NASDAQ:AMD has shifted its focus to its core competency – high-performance CPUs and GPUs – resulting in significant market share gains over competitors like Intel. The company's CPU market share has surged from 18% in 2017 to an impressive 36% in the fourth quarter of 2023.
The company's expansion into AI is a strategic move to tap into the growing market, projected to reach a trillion-dollar valuation by 2030. While Nvidia currently dominates the AI GPU sector, NASDAQ:AMD 's upcoming MI300X AI GPU is poised to challenge that dominance, offering a fresh and competitive alternative.
Technical Outlook: Riding the Rising Trend
From a technical perspective, NASDAQ:AMD 's stock is on an upward trajectory, showcasing investor confidence and a positive outlook for the company. Breaking through resistance levels and presenting a lack of immediate hurdles in the price chart, NASDAQ:AMD appears poised for further growth.
Conclusion:
As NASDAQ:AMD continues to unveil innovative products like the Radeon RX 7600 XT and Ryzen 8000G series, the company solidifies its position as a key player in the tech industry. With a strategic vision, strong leadership, and a focus on high-performance computing, NASDAQ:AMD is set to capture the gaming and desktop markets while venturing into the lucrative field of artificial intelligence. Investors and tech enthusiasts alike are keenly watching NASDAQ:AMD 's journey, anticipating further success in the ever-evolving tech landscape.
amd could sell off to 145 now that we have test highs going into 150 if we lose SMA
only would short if we are under SMA
AMD - Approaching All Time HighsHello Traders, welcome to today's analysis of AMD.
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Explanation of my video analysis:
After the massive breakout in 2016 we saw a rally of more than 4.500% on AMD. This rally was perfectly followed by a correction of 70% in 2022. As mentioned in my analysis, I am now waiting for a retracement back to the previous structure and if we have enough bullish confirmation, I will then look for potential trading opportunities.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
$AMD rebounded from its lower trendlineHi Traders!
NASDAQ:AMD is showing a promising uptick, having rebounded from its lower trendline and now ascending. A critical point to watch is the $141 level. Overcoming this could steer the stock towards the significant $144 mark, a gap fill area. This upward momentum could extend even further, potentially reaching above $147. Keep an eye on these pivotal levels for NASDAQ:AMD 's trajectory.
AMD AnalysisPrice played out nicely as analyzed last week, giving us a -9.14% move to the downside. From here, price could continue the bullish move following the bullish order flow since it has already taken the first liquidity at 135.37, or potentially continue lower into the bullish OB at 125.73 before continuing with the bullish move.
AMD long profit after Cup & Handle ?AMD long term profit ? A popular stock + Cup & Handle pattern + Above the average line 150 + Chip field is "HOT" + UP trend line.
Only an idea and not a recommendation for trading!
Immediate short on AMD! Thank you as always for watching my analysis on AMD. Please feel free to like, share and comment this post! God bless you!
$AMD LONGNASDAQ:AMD - Breaking out from a multi-month falling wedge after holding the $100 support nicely which is a HUGE high timeframe support and psychological level. This breakout can lead us to previous ATH at around $150-$160 level in the next 2-3 months.
AMD LONGAccording to the visibility we have a cup and handle situation, a breakout and then back to check support, with the entry of buyers it will continue with the possibility of a profit of almost 60%.
Neither recommendation nor financial advice.
