AMD 52 week high! Will AMD break all-time-high of $164?

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2023-12-12
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$Advanced Micro Devices(AMD)$ hit $135.04 yesterday, reaching 52 week high.

The semiconductor company’s heat follow its AI chip competition with $NVIDIA Corp(NVDA)$ .

  1. AMD launched new AI chip - MI300X several days ago, claiming superior performance compared to Nvidia's current offering, the H100 chip.

  2. AMD is also expanding its XGMI technology (Infinity Fabric) to a broader scope, with $Broadcom(AVGO)$ announcing support for XGMI/Infinity Fabric in their upcoming PCIe switches.

Analysts upgrades $Advanced Micro Devices(AMD)$ ‘s target price to $140-$150, with the highest PT of $190.

When will AMD break its all-time-high of $164.46?

What’s your target price for AMD?

$150 or $190?

Will AMD pull back after reaching 52 week high?

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AMD Plunge: Chip Stocks Start to Pull Back?
AMD fell 10% in after-hours trading. While AMD's fourth-quarter financial report exceeded analysts' revenue expectations, the guidance for the first quarter fell short of expectations. Affected by AMD's earnings, other semiconductor stocks also fell in the after hour trading. ------------- Will chip stocks start to pull back following AMD's earnings? Are you bullish or bearish on QCOM's earnings? Which chip stock is a better choice to invest in AI?
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Comments

  • icycrystal
    2023-12-12
    icycrystal
    $Advanced Micro Devices(AMD)$
    possible to reach 160 range if stock keeps trending up and there's demand for the company's products... it's already reaching 52 week high based on the recent chart.

    Moreover, the semiconductor company’s heat follow its AI chip competition with $NVIDA Corp(NVDA)$ .

  • Shyon
    2023-12-12
    Shyon
    Yes, I think AMD will definitely breaks it's all time high of around 164. It is just a matter of time right now. With the new competitive chips at a cheaper price compared to its competitor NVIDIA, AMD might grab some of the market portion and stimulate its revenue. My long term target will be at 200 USD. But then, do expect a pullback or correct once it approaches the all time high and will probably form a higher low before continuing its journey towards 200 USD. How do you think? Come and share your point of view guys.
    @TigerStars @CaptainTiger @MillionaireTiger @TigerEvents @TigerPicks @TigerClub @TigerObserver @Tiger_comments
  • nomadic_m
    2023-12-14
    nomadic_m
    $NVIDIA Corp(NVDA)$ started to climb in Dec 2022. by may 2023, FOMO got the better of me so I started accumulating. many felt that it was too expensive to jump into the band wagon but fast forward to today, look at how much it has soared!!!

    $Advanced Micro Devices(AMD)$ definitely has the potential to mirror this growth. $190 is not impossible by Dec 2024

  • LMSunshine
    2023-12-13
    LMSunshine
    My 🎯 price for AMD is $150 for now and AMD is likely to pull back after reaching 52 week high as there’s always prudent investors who will profit take. 🐂-ish for $Advanced Micro Devices(AMD)$ dur to their new chip. Also expect some 🎆🎇 during next NVDA and AMD earnings. Thanks loads @Tiger_comments for the excellent updates❣️
  • Aqa
    2023-12-12
    Aqa
    $Advanced Micro Devices(AMD)$ is well on its way to break its all-time-high of $164.46. AMD has launched new AI chip - MI300X several days ago, claiming superior performance compared to Nvidia's current offering, the H100 chip.
    It is also expanding its XGMI technology (Infinity Fabric) to a broader scope, with $Broadcom(AVGO)$ announcing support for XGMI/Infinity Fabric in their upcoming PCIe switches. Analysts’ highest price target for AMD is $190.
  • AsaphChoo
    2023-12-13
    AsaphChoo
    Using daily chart with bollinger bands and KDJ indicator, AMD is quite stretched already. Some kind of pull back should occur in order for AMD to continue healthy march upwards. Target price end 2023 $140.
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