$AMD - Support at the 20DMA
$Advanced Micro Devices(AMD)$ - Support at the 20DMA
Anyway it is a red candle validated by high daily volume, there are chances for a bounce but caution is essential, since the oscillator has just started its bearish move.
Price action tried to recover the 10DMA by the close, without success.
If the 20DMA is broken, the lower Bollinger Band would be a reasonable destination.
Some updates for AMD that suggests this is a buyable dip:
Server Market: AMD has a 34% revenue share in the server market.
Data-Center Accelerators: The market is estimated to grow at a 60% CAGR to $500 billion by 2028.
MI325X Launch: AMD has launched the MI325X, offering more memory than Nvidia's H200 HGX.
Upcoming Products: AMD is developing the MI350 series (2025) and MI400 series (2026) for further growth.
$VanEck Semiconductor ETF(SMH)$ $Philadelphia Semiconductor Index(SOX)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$
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