None of this matters, what matters is the earnings report coming up. AMD has to show sufficient increase in sales of its MI300 series for AI, that's the only thing that really matters right now. The price is going up as earnings day approaches to try and get ahead of the curve in anticipation for good results.
Me, I'm looking at $200+, hopefully an exit in the $300 range before EOY 2024. I've been in for so long, I have to start taking out big chunks of profit to enjoy. I'll keep some in for another 5 years, the expansion out from the now ancient PC sector, has just started, there's much more upside on the way.
Go long, buy on dips and wait, don't freak out when it goes red, it'll reverse back into green after a while, always does.
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