AMD Seems Like a Pretty Crucial Spot to Hold?

$Advanced Micro Devices(AMD)$ AI PC Innovation Summit is being held in Beijing on March 21, 2024.

According to media reports, $Advanced Micro Devices(AMD)$ Chairman and CEO Dr. Lisa Su and many AMD executives will attend the event together with heavyweight guests from the industry chain.

$Advanced Micro Devices(AMD)$ has recently gone through a different trend than $NVIDIA Corp(NVDA)$ . The main reason is that AMD has fallen since March 8, while NVDA has fluctuated sideways.

Monthly chart

@TrendSpider posted on the 21st saying, “seems like a pretty crucial spot to hold.”

TrendSpider

A good entry now？Where will AMD BE?

Benefiting from the AI chip boom, $Advanced Micro Devices(AMD)$ ’s stock price has hit record highs. It stood above $200 for the first time at the beginning of the month and has increased by more than 30% year-to-date.

Data as of March 20th

Last year, AMD launched the Ryzen 7040 series of mobile processors, which for the first time integrated an NPU (Ryzen AI acceleration engine) specifically responsible for processing AI tasks on the X86 platform, taking the lead in ushering in the AI PC era. AMD also launched the new Ryzen 8040 series mobile processors, which further enhances the specifications and performance of the Ryzen AI engine.

In terms of data centers, the latest data from market research organization Mercury Research shows that with the great success of the Ryzen 7000 series and the fourth-generation EPYC 9004/8004 series, the server and data center business has achieved a market share of 23.1%.

$Advanced Micro Devices(AMD)$ has released AMD Software: Adrenalin Edition 24.3.1, bringing new game support for three of the latest titles to Radeon users, including Dragon’s Dogma 2 and Horizon Forbidden West Complete Edition, both of which are releasing tomorrow.