Chart of Day: Advanced Micro Devices (AMD) – 5/17

After slipping from about $227 to a low of $141.16, Advanced Micro Devices (SYM: AMD) is starting to bounce back strong. 

Last trading at $162.37, we’d like to see it initially retest $180 near term. Helping, analysts at Jefferies just initiated coverage of AMD with a buy rating, with a price target of $190 a share. AMD also replaced Nvidia on the Wolfe Research Alpha List.


“Our views on NVDA and AMD haven’t changed, but the relative move in stock prices YTD causes us to make a tactical shift in priority, moving AMD to the Wolfe Alpha List, replacing NVDA, which is up ~90% YTD and ~100% since it was added to the list in November 2023,” added Wolfe, as quoted by

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.