Watch These AMD Price Levels as Stock Slides Amid New U.S. Rules on Chip Exports to China
Key Takeaways
- AMD shares fell again Thursday, a day after the chipmaker joined a sector-wide sell-off following news that the U.S. had imposed new licensing requirements on some AI chip exports to China.
- The stock has recently formed a piercing pattern, a two-day candlestick price pattern that marks a potential reversal from a downward trend to an upward trend.
- Investors should watch major support levels on AMD’s chart around $76 and $65, while also monitoring key resistance levels near $116 and $150.
Advanced Micro Devices (AMD) shares lost ground again Thursday, a day after the chipmaker joined a sector-wide sell-off following news that the U.S. had imposed new licensing requirements on some AI chip exports to China.
AMD said via…
