AMD Stock Continues Surging as Exports to China Set to Resume—Watch These Key Price Levels
Key Takeaways
- AMD shares climbed again Wednesday amid optimism about the company’s plans to restart exports of its MI308 chips to China.
- AMD shares had gapped above a tight rectangle formation in Tuesday’s trading session, laying the groundwork for a continuation move higher.
- Investors should watch key overhead areas on AMD’s chart around $187 and $215, while also monitoring important support levels near $148 and $123.
Advanced Micro Devices (AMD) shares climbed again Wednesday amid optimism about the company’s plans to restart exports of its MI308 chips to China once it receives final approval from U.S. authorities.
Reports that the U.S. Commerce Department had informed the company that it will once again review applications…
