Chart of Day: Advanced Micro Devices (AMD) – 3/20

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, 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.

deal of the month

best growth stocks


Bundle package – lifetime subscriptions for all products


Recent posts


Connect with Us

Get FREE Daily Stock Tips

Join and receive market insider stock picks, trade alerts and unique investing insights
This field is for validation purposes and should be left unchanged.
By clicking the "Subscribe" button you are accepting our Terms of Use and Privacy Policy.

Join Waitlist

We’re sorry, but due to the popularity of our services, we have reached our max number of subscribers and are not currently accepting more. If spots become available, we will be sure to contact you. Please join the waitlist below.
Thank You!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.