The AI data center narrative still has momentum. The trend looks solid, with $Advanced Micro Devices(AMD)$ maintaining a bullish structure and drawing interest from investors focused on the AI infrastructure buildout. As Q2 earnings approach, there's anticipation building around another potentially record quarter, with revenue growth estimated at +46% YoY. The data center opportunity is still the main driver, and $Advanced Micro Devices(AMD)$ continues to be seen as a high-conviction AI semiconductor play. The next test is whether the momentum can push the stock toward higher levels. I'm keeping an eye on AMD.
$Advanced Micro Devices(AMD)$ That's a textbook ascending triangle pattern on AMD's daily chart. The stock is consolidating near $557.89, with a clear resistance zone around $580-$585. A breakout above $585 on strong volume could see momentum push toward the $680-$700 area. On the other hand, the lower trendline support is around $535-$540.
$NVIDIA(NVDA)$ I've been hearing the same doubts about Nvidia for over a decade now—that it's too expensive, that competition is coming, and so on. Jensen has proven to be a genius, and I feel pretty good about having invested in this cash-generating juggernaut.
$Advanced Micro Devices(AMD)$ The robotics sector could be the next major market theme to watch. The convergence of AI, robotics, drones, and automation might present one of the biggest growth opportunities this decade, potentially developing into a multi-trillion-dollar industry by 2030. A few stocks in the space that I'm keeping an eye on include OUST for LiDAR perception, ONDS for drone and defense intelligence, AMD as the AI compute backbone, AEVA for 4D LiDAR technology, and CGNX as a leader in machine vision.
$Advanced Micro Devices(AMD)$ Goldman just gave it a fresh boost, raising their price target from $450 to $640. The setup feels the same, though: strong sentiment, higher expectations, and now traders will be watching to see if the price can keep up with that new target.