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AMD Stock Tests $478 as Saudi AI Deployment and Data Center Growth Support Breakout

AMD Stock Tests $478 as Saudi AI Deployment and Data Center Growth Support Breakout

TradingKey – With the close of $477.57 on Friday, September 4, a 4.69 percent increase from the previous day’s close, and a close almost identical to the provided reference of $477.56, Labor Day closures for the U.S. markets has the stock currently sitting at $477.57, the benchmark for the opening of markets on Tuesday. Currently, the stock is testing the $477.66-$478.30 triangle along with resistance from moving averages, where the stock has been trading in an area of strength, with Q2 revenue beating expectations and coming in at $11.54 billion, Data Center revenue surged 107 percent, and has given bullish Q3 performance guidance and the first deployment of AMD powered AI infrastructure in Saudi Arabia.

Q2 Revenue Hit a Record $11.54…

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