Is AMD’s Stock Slide Over? Analysis, Trends and Forecast
Advanced Micro Devices Today
$98.85 -2.82 (-2.77%)
As of 04:00 PM Eastern
- 52-Week Range
- $95.89
▼
$227.30
- P/E Ratio
- 99.85
- Price Target
- $155.83
Advanced Micro Devices NASDAQ: AMD stock slide may not be over, but it is nearing its end and setting up the market for a solid rebound that could quickly add 30% to the stock price. Technically speaking, AMD’s market is profoundly oversold and overextended, with stochastic oscillators in the low-end range on the daily, weekly, and monthly charts. The oversold condition results from a sentiment reset that repriced the outlook for AI influence on the business from an NVIDIA-like near-term boom to a longer-term, more sustainable growth…
