Reddit discussions around Advanced Micro Devices, Inc. (AMD) have been vibrant, with users expressing a mix of optimism and skepticism about the stock's future. One user on r/wallstreetbets shared their decision to go all-in on AMD, citing the potential benefits from AI advancements and comparing it to the success of NVIDIA and Broadcom. They noted, "AI benefits semis. NVDA & AVGO already mooned. I think AMD is next in line." However, some users remain cautious, pointing out the stock's current technical patterns and the need for it to break certain resistance levels to confirm a bullish trend.
Another thread on Reddit focused on the technical analysis of AMD, suggesting that the stock might be nearing a bottom within the $114-$121 range. The user highlighted similarities in AMD's current correction pattern to previous ones, suggesting a potential reversal. They stated, "AMD will bottom at $114-$121, followed by an HTF extension to $330." Despite the optimism, there is a general sentiment of frustration among some investors who feel burned by the stock's recent performance, with one user humorously remarking, "Advanced money destroyer - AMD."
The current price of AMD is $127.62, reflecting a slight increase of 0.56% from the previous close of $126.91.