Advanced Micro Devices (AMD) is attempting to push higher again.
After finding support around $184.48, the tech stock is starting to pivot higher. From $192.39, we’d like to see it again test prior resistance around $227.30.
Analysts at Melius Research raised their price target on AMD to $265, with a buy rating. As noted by Investing.com, “The analyst at Melius Research highlighted AMD’s potential in the burgeoning artificial intelligence sector, likening the company’s progress to that of Nvidia earlier boom. AMD’s development of chips optimized for AI inferencing is seen as a key driver as AI models increasingly move into production phases.”
Analysts at Mizuho also raised their price target on AMD to $235. The firm noted, “it could see 2024 AI revenue upside to ~$4-5billion (vs current estimates of $3.5 billion) but potentially ramping to ~$18 billion by 2027,” according to Business Insider.
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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