AMD Rebounds: Is $220 the Next Stop?
AMD closed up 3.47% at $217.50, hitting a recent high and decisively breaking above the previous $213 resistance zone. The ongoing AI compute demand narrative continues to support its valuation. Demand for MI300X orders remains strong, while expectations for gaining share in the mid-to-low-end inference market are intact. ๐ $215 now acts as a new support level, with $220 as the next resistance. Can AMD establish its own narrative?
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