AMD Stock Popped After Analyst Said New AI Chips Could Take On Nvidia’s—Watch These Key Price Levels
Key Takeaways
- Advanced Micro Devices (AMD) stock jumped Thursday after analysts suggested the company’s latest AI chips are comparable to Nvidia’s (NVDA) offerings .
- The stock broke out from a flag pattern in Thursday’s trading session on the highest volume in a little over a week, potentially signaling a continuation of the stock’s recent move higher.
- Investors should watch crucial overhead areas on AMD’s chart around $175 and $215, while also monitoring vital support levels near $135 and $115.
Advanced Micro Devices (AMD) stock jumped Thursday after analysts suggested the company’s latest AI chips could take on Nvidia’s (NVDA) offerings.
Analysts at HSBC said AMD’s MI350 series chips are comparable with Nvidia’s…
