Bullish Commentary on AMD with Technical Support Details

2 months ago

"AMD is one. I've been saying for the last few weeks, maybe a month since I bought AMD, I think AMD outpaces Nvidia. We saw Nvidia down yesterday. AMD had their investor day and Lisa Sue made some news. She sees the AI data market reaching $1 trillion by 2030, double AMD's prior estimate. AMD expects gross profit margins of 55 to 58%. It's up 6% in pre-market. If you had my 4hour algorithm, you bought at 160. Got you out with a 42% gain. I can tell you as we start to move up, this starts to be support right there at 227. I like AMD."

The speaker expresses bullish sentiment on AMD, highlighting its strong investor day results, promising AI-driven revenue potential, and robust technical support levels. Mentioning a past entry at 160 that yielded a 42% gain and support forming at 227, the commentary provides actionable investor color about AMD's near-term trading dynamics.

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