TradingKey – Advanced Micro Devices (AMD) has most of the qualities of a bullish stock. It’s currently trading above its symmetrical triangle, and this pattern suggests further upside. If AMD breaks above this resistance, it’ll be heading towards the $530.39 area. This is a good fundamental signal as the company beat analyst estimates for Q2 with an impressive 50% growth. More importantly, the Data Center division grew by an astounding 107% from this time last year. 

New client deployments of AMD’s Mi450 accelerator are coming from Anthropic (raised $ 5 billion for AMD GPUs), Oracle (expecting 50,000 deployments by the end Q3), and continued buildouts from Amazon, Meta, and OpenAI. AMD is trading with a multi-year forward P/E of…