New High for AMD – Valuation Rich but AI Upside Intact as 242 Breaks Toward 250
$Advanced Micro Devices(AMD)$ closed at $240.56 (+3.21%), just 1% below its 52-week high of $242.88, up ~99% YTD.
Key Highlights
1️⃣ $Microsoft(MSFT)$ Azure confirmed deployment of AMD MI325 accelerators.
2️⃣ Credit Suisse raised target to $260, expecting AI GPU shipments to double in 2025.
Technical Analysis
Volume expanded to 40 million; RSI 62.7 (bullish). MACD lines diverge positively; EMA 30 > 50 confirms trend continuation.
1-Week Outlook
Sustaining above $242.8 opens USD 250–255; failure below $234.6 tests$229.
Key Levels
Resistance: $243 / 250 / 255 Support: $235 / 229
Valuation
TTM P/E ≈ 135 times; premium reflects scarcity in AI GPUs.
Target Price
Goldman Sachs and Morgan Stanley both range $255–265.
Risk Note
Any slow-down in AI spending or Intel’s competitive launch may pressure valuation.
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