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.
👉 $215 now acts as a new support level, with $220 as the next resistance.
Can AMD establish its own narrative?