AMD
AMD is losing ground in the graphics card market. According to an Analyst, AMD's share of the discrete graphics processing unit (GPU) market stood at 8% in the third quarter of 2022. That was a big drop from the prior-year period's market share of 17%. Also Nvidia's server processors are going to pose another challenge for AMD. It will be an interesting first quarter for AMD. We expect that we will see the last lows. Thats why we made the following setup:
Trading Idea / Shortterm:
Entry Sellshort: 65 $
Exit:
Stoploss at 74.00 $
Target: 55.03 $