1
Advanced Micro Devices stock price closed at $109.45 while witnessing a gain of 3.53% during the last intraday session.
2
AMD released an inferior quarterly report showing a drop of 18% year-over-year in revenue.
3
Advanced Micro Devices acquired an AI software company.
AMD stock price entered into a bullish trend during the start of May and surged from the low of $81.30, forming a yearly high of $132.83. The stock price faced heavy rejection above $132.80 and fell strongly. Since then, AMD has been forming lower lows.
While Nvidia seems to be riding on the artificial intelligence boom, Advance Micro Devices are getting left behind. The stock price has plunged roughly 17.20% after the formation of the yearly high. Recently, AMD price formed a support at $100 and initiated a bullish rally and is headed toward the resistance level of $111.40.
Source: AMD Stock Price By TradingView.
If AMD stock price can break the resistance level
We współpracy z: https://www.thecoinrepublic.com/2023/09/05/advanced-micro-devices-amd-stock-surges-after-touching-100/
