Watch These AMD Price Levels as Stock Continues Surging on OpenAI Deal
Key Takeaways
- Advanced Micro Devices shares rose Tuesday morning after soaring yesterday to a 19-month high on news that the chip designer and ChatGPT maker OpenAI have inked a multi-year supply deal.
- The stock staged a dramatic breakout from an inverse head and shoulders pattern on Monday, laying the groundwork for follow-through buying.
- Investors should watch critical overhead areas on AMD’s chart around $227 and $272, while also monitoring support levels near $174 and $150.
Advanced Micro Devices (AMD) shares rose Tuesday after soaring yesterday to a 19-month high on news that the chip designer and ChatGPT maker OpenAI have inked a multi-year supply deal.
Under the agreement, OpenAI is committing to buying several generations of…
