AMD Cup and handle formation, Go LongAfter a 2 month correction, AMD bounced off EMA9 on a monthly timeframe forming a cup and handle pattern. Go Long.Longby quietbullUpdated 3319
Advanced Micro Devices | AMD Team RED is READY As with any competitor, a quarterly earnings report from a peer can provide great insight into the market. For Advanced Micro Devices, the Q2'23 earnings report from Intel provides great views on the surging demand for AI chips and a rebound in PC demand crucial for AMD The most immediate signal from Intel beating Q2'23 estimates and guiding up for Q3 is the rebound in PC demand. Most importantly, the inventory correction appears over with OEMs no longer digesting chip inventory.Back in Q3'22, AMD shocked the market by cutting PC revenue estimates by $1 billion. The company quickly went from $2 billion in quarterly CPU sales for PCs to less than $1 billion. Intel still reported Q2 Client Computing revenue was down 12% YoY to $6.8 billion, but the number was up $1.0 billion sequentially. The chip giant guided up Q3 revenue to $13.4 billion, up $0.5 billion sequentially.In Q1'23, AMD reported that client revenues had fallen further to only $739 million. AMD CPU revenues are now far over $1 billion per quarter below the peak levels providing substantial upside potential when the PC market normalizes. Intel discussed a mixed picture for their business in the near term due to AI. The chip giant is seeing a wallet share shift from the sever CPU spend towards AI chips.The move is both good and bad for AMD. The company has the MI300 AI GPU chip hitting the market in Q4 providing a strong competitor to the booming demand for the H100 from Nvidia, but the chip isn't out on the market yet. In the near term, AMD may see some suppressed data center demand while heading into 2024. Ultimately, the company should see upside from AI demand for the MI300 along with the Alveo AI accelerator.On the Q2'23 earnings call, Intel CEO Pat Gelsinger suggested the AI pipeline for 2024 had surged to $1 billion: In my formal remarks, we said we now have over $1 billion of pipeline, 6x in the last quarter. Going back a few months, Morgan Stanley had estimated the AI potential for AMD was only $400 million with upside potential to $1.2 billion. The Intel forecasts would suggest the AI potential for AMD is far higher next year when the MI300 is in full-scale production. Nvidia guided up current quarter sales estimates by 50% to over $11 billion. The company suggested data center sales would reach $7+ billion in the quarter. AMD has only seen data center sales reach $1.3 billion in quarterly sales leaving a huge gap from Nvidia. Even Intel still hit $4.0 billion in data center sales during Q2'23, though the amount is down nearly 20% form 2022 levels due in part to losing market share to AMD. The big issue for AMD is whether data center sales growth stalls causing a miss to 2H sales targets while booming AI demand ultimately boosts sales starting in Q1'24, or maybe Q4. The chip company peaked at quarterly sales of $6.6 billion back Q2'22 and the current quarterly analyst estimates aren't very aggressive. A rebound in PC demand to more normalized levels places AMD back at the Q4'23 revenue target of $6.5 billion alone. A PC rebound to normal digestion ($2 billion quarterly run rate) along with higher data center or AI demand leads to vastly higher revenues in 2024. The current analysts aren't even factoring in much growth in the Q2'24 revenue estimate of $6.76 billion. The amount is just 4% upside from Q2'22 despite potentially surging demand from AMD entering the AI GPU space. AMD is set to report earrings after the close on August 1. Investors should focus less on the Q2 numbers or even Q3 guidance and focus more on a return to more normalized revenue levels plus the upside from AI.Our view has long held that AMD has the earnings potential of $5 to $6 and the AI opportunity is all upside to this view. The key investor takeaway is that AMD is still $50 below all time highs while Nvidia has soared over $100 above the late 2021 highs. Investors should use the current weakness in AMD to load up on the stock while leaving some capital to buy any weakness following Q2 earnings due to the potential for near term disappointment leading to long term opportunities.Longby moonyptoUpdated 9934
AMD - Shuffling the Deck AMD Technological Innovation: AMD's continuous advancements in CPU and GPU technology, including their Ryzen processors and Radeon graphics cards, are critical. Staying ahead in performance, efficiency, and new architectures like Zen and RDNA ensures competitiveness. Product Portfolio: A diverse product lineup covering consumer, professional, and enterprise markets helps AMD address various segments and reduces reliance on any single market. Market Position: AMD's competitive positioning against major rivals like Intel and NVIDIA. Their ability to capture market share in the CPU and GPU markets is vital for long-term growth. Strategic Partnerships: Collaborations with other tech giants (e.g., Microsoft, Sony for gaming consoles) and key partnerships in data centers (with companies like Google Cloud and Amazon Web Services) enhance AMD's market reach and application of its technology. Financial Health: Strong financial performance, including revenue growth, profitability, and solid balance sheets, allows AMD to invest in R&D and weather economic fluctuations. Research and Development (R&D): Significant investment in R&D to drive innovation and develop next-generation technologies. R&D is essential for maintaining a competitive edge in the rapidly evolving tech industry. Supply Chain Management: Efficient and resilient supply chain operations are crucial for meeting market demand, especially amid global semiconductor shortages and logistical challenges. Leadership and Management: Effective leadership and a visionary management team, led by CEO Lisa Su, have been pivotal in AMD's turnaround and strategic direction. Customer and Market Relationships: Strong relationships with OEMs (Original Equipment Manufacturers), channel partners, and end customers help AMD secure sales channels and foster brand loyalty. Sustainability and Corporate Responsibility: Commitment to environmental sustainability, ethical business practices, and social responsibility can enhance AMD's brand image and align with the increasing emphasis on ESG (Environmental, Social, Governance) factors in the market. Focusing on these aspects allows AMD to leverage its strengths, mitigate risks, and continue its trajectory as a leading player in the semiconductor industry. Over the past six weeks, AMD has been prominent in the news for several key developments: Next-Gen Processors: AMD announced the Ryzen 8000 series processors for both desktop and laptop markets. These include the Ryzen 8000G series, designed for high-performance gaming and content creation, and the Ryzen 8040 series laptops, which are integrated with advanced AI capabilities through AMD's XDNA technology (AMD) (TechRadar). AI Integration: The Ryzen 8040 series processors, particularly notable for their AI-enhanced performance, were showcased. This integration aims to improve efficiency and capabilities for both consumer and enterprise applications, emphasizing local AI processing without relying on cloud computing (TechRadar). Strategic Partnerships: AMD has strengthened collaborations with major OEMs like Acer, ASUS, and Lenovo, who are incorporating the new Ryzen 8040 series into their latest laptop models. These partnerships highlight AMD's push into the AI and high-performance computing markets (AMD) (Tom's Hardware). Zen 5 and Navi 3.5 Graphics: AMD confirmed that the upcoming Ryzen 8000 series desktop processors will feature Zen 5 CPU cores and Navi 3.5 graphics. This announcement indicates significant improvements in processing power and energy efficiency, continuing AMD's competitive edge in the CPU market (Tom's Hardware). Market Performance and Competitiveness: AMD's new releases are positioned to compete directly with Intel's latest offerings. The flagship Ryzen 8040 laptop processors are expected to outperform Intel’s current high-end models in several key areas, including AI workload performance (TechRadar). These developments underscore AMD's commitment to innovation in processor technology, particularly with a focus on AI and gaming. The company's strategic direction appears to be setting the stage for continued growth and competitiveness in the semiconductor industry. Based on the current market evaluation and recent performance, the six-month price expectation for AMD (Advanced Micro Devices) is generally positive, though it comes with some variability. Analyst Consensus and Price Targets: The average 12-month price target for AMD from analysts is around $192.45, suggesting a potential upside of approximately 20.3% from its current price of about $160 (Stock Analysis) (MarketBeat). The price targets range from a low of $145 to a high of $265, indicating a wide range of expectations reflecting different market scenarios (Stock Analysis). Recent Performance and Key Factors: AMD has been performing well recently, driven by its advancements in AI and data center technologies, despite some underperformance in its gaming segment (Techopedia) (MarketBeat). The company's tie-up with Microsoft to offer AI chips in the cloud is seen as a positive move, potentially driving future growth (Techopedia). AMD's competitive position against Nvidia remains a focal point, especially in the AI GPU market. While AMD is making strides, it is still playing catch-up to Nvidia in this space (Techopedia). Market Conditions and Expectations: Analysts remain optimistic about AMD's prospects, with a majority rating it as a "strong buy." This optimism is supported by the company's strong financial health, low debt levels, and promising revenue growth forecasts (Stock Analysis) (MarketBeat). However, the stock's high valuation metrics, such as its price-to-earnings ratio, suggest it may be overvalued, which could introduce some risk if the company does not meet growth expectations (MarketBeat). Considering these factors, if AMD continues to capitalize on its strengths in AI and data centers while managing its weaknesses in gaming and supply chain challenges, the stock could see substantial growth over the next six months. However, market volatility and competitive pressures remain key risks to monitor. For AMD specifically, its stock has experienced significant volatility and strong growth over the past year, driven by robust advancements in AI and other technologies. Given AMD’s recent performance, including a 114% rise in 2023, the expectation for its stock price over the next six months appears positive, although it might not reach the same high growth rates seen previously. Analysts predict a more modest increase, potentially in the range of 20-30% by the end of 2024, assuming continued strong performance in AI and other strategic areas (markets.businessinsider.com). AMD faces competition from several key companies across its various markets: Intel: Intel is AMD's primary competitor in the CPU market. Both companies produce processors for desktops, laptops, and data centers, with Intel historically dominating the market. However, AMD has been gaining market share with its Ryzen and EPYC processors . NVIDIA: In the GPU market, NVIDIA is AMD's main competitor. NVIDIA's GeForce and Quadro GPUs compete directly with AMD's Radeon and Radeon Pro GPUs. NVIDIA also has a strong presence in the AI and data center markets with its GPUs . Apple: Apple, with its custom-designed M1 and M2 series chips, has emerged as a competitor in the laptop and desktop markets. These chips are highly integrated and efficient, posing a challenge to both AMD and Intel in the high-performance computing segment . Qualcomm: Qualcomm competes with AMD in the mobile and embedded processor markets. Qualcomm's Snapdragon processors are widely used in smartphones and tablets, where AMD has a smaller presence . ARM Holdings: ARM Holdings provides processor designs that are licensed by other companies like Apple, Qualcomm, and Samsung. ARM-based processors are prevalent in mobile devices and are increasingly being used in servers and PCs, creating indirect competition for AMD . Samsung: Samsung produces Exynos processors for its smartphones and is also involved in GPU development. Samsung's efforts in high-performance computing and AI could present future competition for AMD . Microsoft: Microsoft, with its custom Azure Sphere chips, is entering the market for specialized processors used in IoT and edge computing, potentially competing with AMD in these areas . These companies represent the primary competitive landscape for AMD, each posing different challenges across various market segments. To give you a better perspective of the Ai market space, MSFT, GOOG, AMAZ, own 65% of cloud computing Services. NVDA with 92% dominates the world market for data Centre GPU's or Accelerators and AMD only has 4% of that market share. The other 4% is spread amongst several other companies. ASML makes the machines that make the chips and TSMC makes the chips for NVDA. GPU's are the main kind of processor for Generative Ai applications such as ChatGPT. Also Intel has 70% of the market for CPU's. Now the most important piece of the puzzle is that the Global Ai Intelligence market will grow approximately 15X over the next 10 years. So even though AMD's main competitor is NVDA, AMD is well positioned in areas not tied into NVDA that will allow them to expand in other areas as per their strategic partnerships, but moreover their primary market segment is second tier compared to much of NVDA so they could potentially grow their market share from it's current 4% to 10 or even 12% as not everyone will require the super sophistication and degree of chips and GPU's that NVDA produces but would rather have the specialized computer processors and technologies that AMD can provide. To summarize their future is bright but in their short term there is a likely pull back. AMD has nearly 1.61B shares in their float with a market capitalization of $258.6 B and a P/E ratio of 238.90. Relative to their peers AMD's P/E is 4 times greater than NVDA and 6 times greater than Intel. Personally I suspect there could be a short term rise yet to around $167 however the chart on the long term is breaking down and with the recent quarterly financials that were actually mediocre at best there is potential for the stock price to drop some more in the near term.Shortby grahammk550
AMD possibly $250 before September 18, 2024. ER Coming July30AMD weekly and monthly charts all show no reason to go down. I'm taking any red as a discount, do your research. Not sure myself how earnings will be, but I'm not betting against AMD as I'm bullish. NFA - only thoughts, boost if its a good oneLongby sully3579
AMD CALL Bought AMD Call Strike $180 Expiry 14 Jun Entry $2.50 Expecting AMD to reach 1st Target $184 2nd Target $193 Analysis as below: Weekly TF: 1. Uptrend -- Above SMA200 Day TF: 1. Structure -- Inverse Head and shoulder (broke out of neckline, now retesting) 2. RSI -- bullish divergence 4hr TF: 1. MA -- Price closed above EMA 25 (blue) 2. Fib R -- Price closed above 0.618 Fib R aka $158 (uptrend in tact) 3. Confirmation candle -- printed green body candle after bouncing off EMA 25 and 0.618. 4. RSI -- not overbought yet/no bearish divergence (More room for upside) Remarks: Price is currently testing the resistance of SMA100(purple) for the 5th time. The frequency of price testing to break SMA100 becoming shorter (Weaker selling pressure) If price is able to close above SMA50(green) and SMA100(purple), expect AMD to rally in no time. Longby yylee97Updated 21
Trend continuation in $AMDAfter correcting the previous big rise, the stock has formed an inverted Shoulder-Head-Shoulder pattern that has broken out to the upside. Both in the daily and weekly timeframe it is above the SMA 30 and a crossover of averages can be observed in an oversold Stoch RSI in the weekly timeframe. In favor and accompanying the trend we have the reference index NASDAQ:SOX at maximums, although we must keep an eye on the divergence that has formed in the weekly RSI.Longby MCHVLL6
AMD hits all lower targets and pull back, so now what?We hit all lower targets on the pullback, so I bought AMD for the 1st time in a long time after we started to rebound again. I am hopeful of higher prices and we have a nice bull flag here as well. Not financial advice, DYOR. Longby ChartProphet7
AMD will be bullishA great status with monthly FRACTAL confirmation ... My first target is $280 and the rest will be History ... Longby GoldChartist5
watching for an explosive break past my long trigger 🚀🟢 boost and follow for more! ❤️🔥 AMD is breaking a local trend resistance but I wouldn't say it's time for parabolic rally just yet... we are still below an extreme trend support and long trigger, once we can reclaim those then 200-220 and maybe even higher will come and fast! Longby Vibranium_CapitalUpdated 2238
AMD Bullish in short-termI feel AMD has been punished unnecessarily. There is a Yearly MACD turning to Green around earning time. I am riding myself on 23 October Calls. Worst, I may double up if it retests 130.Longby vishalniitUpdated 15
Looking Bullish soon for AMD! 🔉Sound on!🔉 Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life! Long01:25by OptionsMastery4
Elliott Wave Analysis on AMD Suggest a Double CorrectionShort Term Elliott Wave in AMD suggests the rally from 5.01.2024 low is in progress as an impulse. Up from 5.01.2024 low, wave (1) ended at 174.56 as the 30 minutes chart below showing. Wave (2) pullback is currently in progress. The internal subdivision of wave (2) takes the form of a double three Elliott Wave structure. Down from wave (2), wave ((a)) ended at 168.75 low and wave ((b)) bounce ended at 171.51. The stock extended lower in wave ((c)) towards 162.91 which completed wave W. The market rallied starting wave X also taking the form of a double three Elliott Wave structure. Up from wave W, wave ((w)) ended at 168.75 and pullback in wave ((x)) ended at 164.00. Wave ((y)) higher is in progress. We are looking a bounce in 3 swings to 169.88 – 173.51 area to end wave ((y)) and also wave X connector. Near term, as far as pivot at 174.56 high stays intact, expect the stock to extend lower. by Elliottwave-Forecast2
AMD: Buy ideaHello everyone! This morning on AMD we have an attempt to break the vwap indicator and the resistance line as we can see on the chart. If this is done, it goes without saying that we would have a high probability of seeing the market go up.Thanks!Longby PAZINI193
AMD Unveils Ryzen 9000 Zen 5 CPUs: Up to 16 Cores, Enhanced PerfAMD has officially announced the highly anticipated Ryzen 9000 Zen 5 desktop processors, set to launch in July. The flagship Ryzen 9 9950X features up to 16 cores and offers a 16% average IPC increase over its Ryzen 7000 predecessors. These new CPUs bring significant architectural enhancements, including improved branch prediction, wider pipelines, and increased AI performance. Additionally, AMD introduces the X870 and X870E chipsets, supporting PCIe 5.0 and USB4. The combination of powerful new processors and advanced chipsets marks a substantial leap forward in desktop computing. Stay tuned for more updates as the launch approaches. Longby signalmastermind2
AMD on 1hr Pullback to $163 or lowerJust verified from past trends but looking from May 17th and May 21st specifically to today, on 6/7 Friday we’re due for a pullback. 📉🔥 My projected pullback Targets are: To $165 to 163.05 then to 162.33 as long as there is no crazy news catalyst. At $165 you might see some chop which was normal from past trends. If targets hit and drop to the downside: my next targets is $160.30 🔥 Happy Trading! 🤝Just my thoughts. 👸🏻 (Please note VWAP is currently: $166.77)Shortby angelbaetrades2
AMDs retracement might come to an end soon. Watch closely.The last retracement to the downside was about 30%. This has been completed. - The 3 Lines (Long, middle and lower trend) are almost on the bottom. - The RSI is forming a bullish div on the last move. - A green bullish signal appeared. - Price came outside of the BB and closed back inside. Many indications that the downtrend might come to an end soon or has already. I keep an eye on it. Longby ValerianKUpdated 12
AMD is forming a Bear flag on a 15m timeframeAMD is forming a Bear flag on a 15m timeframe. Go Short. This analysis is for informational purposes only.Shortby quietbullUpdated 1
AMD introduces new MI325X AI chip, enhancing AI infrastructureAdvanced Micro Devices Inc. (AMD) has announced significant advancements in its processor architectures, including unveiling the new CPU, NPU, and GPU processors designed to power AI infrastructure from data centres to PCs. The highlight of the announcement was the introduction of the AMD Instinct MI325X accelerator, which boasts advanced memory capacity and is slated for release in Q4 2024. In the future, AMD's roadmap includes the AMD Instinct MI350 series, which will incorporate the next-generation AMD CDNA™ 4 architecture expected in 2025. This new series promises up to 35 times better AI inference performance than the current AMD Instinct MI300 series with AMD CDNA 3 architecture. Additionally, AMD plans to continue its innovation streak with the CDNA 'Next' architecture for the MI400 series accelerators, for release in 2026. In terms of investment opportunities, let's analyse the technical aspects of Advanced Micro Devices Inc. (NASDAQ: AMD): On the Daily (D1) timeframe, AMD's stock has formed a resistance level at 174.55 USD and support at 157.90 USD. Although an uptrend is beginning, the stock is testing the support line. The next target could be 140.50 USD if the stock enters a downtrend. However, if the uptrend resumes and breaks through the resistance at 174.55 USD, the short-term target is 203.30 USD. If the upward momentum continues, the price might rise to 227.70 USD for a medium-term investment strategy. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.by RoboMarkets1
AMD correction done. TIME TO RISE! Huge bargain deal.AMD went on a good correction phase after touching a recent peak at 220 area following the market's long term trim action. Profit takers has swept the market even the top guns with the likes of NVDA, TSLA, AMZN, AAPL. Based on recent data, it looks like the market's correction has more-or-less come to an end -- and net positioning for most blue chip stocks has already commenced. AMD is one stock which you can't dismissed it's price growth potential after that huge discount drop. You know it's a bargain when a growth company gives it to you -- and not just a growth company, a major chipmaker / tech giant which the world can't live without. with the advent of AI and modern tech revolutions, AMD is one stock you can bet in the next 50-100 years. Based on recent daily data, we are currently bouncing off a major order block support at 150.0 area -- and a significant shift has been spotted. More series of ascending action is expected from this range -- with a possible breakout of its recent peak at 220 this year. This one, I won't doubt. Spotted at 150.0 TAYOR.Longby JSALUpdated 1126
AMD SlingshotBullish Biased on this one with or without the Earnings, but hoping for a template of reference elements to help navigate the journey of the future of this stock. While the path of the Stealth Icons should be self explanatory, the curved lines might not have meaning for the price action in the future but still should provide the broad idea I am looking for in this picture. Hopefully the stock remains in the cup and eventually explodes one way or another out of it above the top gray. While the bottom gray might not hold in case of a prolonged corrective formation with different wave patterns and design, leading to an encounter with any of the rectangles, I firmly believe there is almost no chance of the price entering the green/blue zone polygon. I might be wrong, but still, it is an element to highlight my vision for this one. Don't know if this one will prove to be as interesting as the Netflix Project, which is similar in design with the dotted path targets, but still, as usual in nen project, there will be updates, comments, candlestick analysis, bias confession, and more. If the price does indeed eventually go up, my hope is that somewhere near the gray we might have some more candlestick related price action relative to the top gray. I expect not hectic but impulsive trading days for AMD and potential surprises that might disrupt the flow of the evolution of the price. Looking back on the past activity there are many gaps, many long candles so more of the same could be expected, especially near and after earnings. Longby nenUpdated 6
W1 Analysis of AMD NASDAQ: A Technical and Fundamental Approach📈 Macro-Economic Fundamental Analysis 🌎 In the current global economic landscape, we see a mixed bag of indicators. The U.S. economy has shown resilience despite the Federal Reserve's ongoing interest rate hikes aimed at curbing inflation. Globally, geopolitical tensions and supply chain disruptions continue to create uncertainties. Despite these challenges, sectors like technology have demonstrated robust growth, driven by innovation and increased demand for digital solutions. AMD, being a prominent player in the semiconductor industry, stands at the intersection of these macroeconomic trends. 🔍 Technical Analysis: Modern Elliott Wave Theory 📊 Using Modern Elliott Wave Theory, we can delve deeper into AMD's price action. The analysis reveals that since March 4, 2024, AMD has entered a corrective phase characterized by a combination of zigzag and flat patterns, indicating a potential reversal. This phase has been crucial in setting the stage for the next market movement. 🔄 Corrective Phase and Reversal Patterns (March 4, 2024) 📅 The corrective market that began on March 4, 2024, has shown a mix of zigzag and flat formations, which are typical in Elliott Wave Theory when a market is poised for a reversal. These patterns suggest that the previous bullish trend was undergoing a necessary correction to prepare for a new phase of market activity. 🚀 Emergence of a Bullish Market (Since May 13, 2024) 📆 Starting from May 13, 2024, there has been a gradual emergence of a bullish market. The slow but steady rise in AMD's stock price points to increased investor confidence and a potential uptrend. This transition marks the end of the corrective phase and the beginning of a new bullish cycle. 📊 Key Takeaways: Macro-Economic Factors: Resilient U.S. economy, global uncertainties, robust tech sector. Elliott Wave Patterns: Combination of zigzag and flat since March 4, 2024. Bullish Signals: Gradual rise in stock price since May 13, 2024 Longby erbe10
Inverse H&SLooks like we have an inverse head and shoulders. Next move up after come consolidation. Longby rdf1003
AMD Set for Major Processor Launch As it Grabs 33% of CPU MarketAdvance Micro Devices ( NASDAQ:AMD ), a leading player in the server CPU market, claims a 33% share. The company is preparing to launch its next-gen "Turin" processors and unveils a GPU roadmap following the MI300 product line. NASDAQ:AMD 's CFO, Jean Hu, highlighted the company's growth in servers, CPUs, and GPUs, highlighting partnerships with Microsoft and strong double-digit growth in server CPUs and desktop/laptop segments. AMD's strategic focus on power efficiency and cost-effectiveness makes it a compelling choice for enterprises facing power and space constraints. Notable clients like American Express, Shell, and STMicroelectronics are transitioning to AMD-based infrastructure. NASDAQ:AMD plans to launch a next-generation AI PC in the second half of the year, potentially refreshing the PC market. The company also sees long-term growth potential in the embedded processor market through synergies with Xilinx. NASDAQ:AMD 's performance in the desktop and laptop markets is also highlighted. Analysts expect NASDAQ:AMD and peers to drive semiconductor industry optimism after their earnings beat, but caution against AMD's MI300 supply constraints, gaming segment weakness, and aggressive pricing from Nvidia Corp. Technical Outlook Advance Micro Devices ( NASDAQ:AMD ) stock is up 3.43% on Tuesday's Market day trading. The stock daily price chart depicts a trend reversal from a falling wedge or bullish flag pattern. Advance Micro Devices ( NASDAQ:AMD ) stock has a Relative Strength Index (RSI) of 61.94 which makes it poise for further growth in the long term.Longby DEXWireNews4