AMD Technical Indicators Signal Caution: Is Death Cross Ahead For AI Stock?
Portfolio Pulse from Surbhi Jain
Shares of Advanced Micro Devices Inc. (NASDAQ:AMD) have shown mixed performance, with a 21.54% increase over the last year but an 8.91% decline year-to-date. Despite a recent boost from strong Q2 earnings and AI advancements, technical indicators suggest caution as the stock approaches a Death Cross.
August 12, 2024 | 3:06 pm
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AMD's stock has shown mixed performance, with a 21.54% increase over the last year but an 8.91% decline year-to-date. Despite a recent boost from strong Q2 earnings and AI advancements, technical indicators suggest caution as the stock approaches a Death Cross.
AMD's stock has shown mixed performance, with a significant year-to-date decline despite a recent boost from strong Q2 earnings and AI advancements. Technical indicators, including a looming Death Cross, suggest potential further downside, warranting a cautious approach.
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