AMD can compete against Nvidia in A.I., analyst says
Rosenblatt Securities is getting more bullish on AMD shares because of the chipmaker’s opportunity for growth in the data center market.
The firm raised its price target to $40 from $30 for shares of Advanced Micro Devices, citing its process manufacturing lead versus Nvidia.
The new forecast represents 34 percent upside to Monday’s closing price and is the highest target of the 24 analysts who cover AMD on Wall Street, according to FactSet.
AMD Stock Is Poised to Keep Advancing for Awhile
Chipmaker Advanced Micro Devices (NASDAQ:AMD) refuses to cool down, and there are good reasons for that. AMD stock is up nearly 200% in 2018, and it rallied yesterday on bullish commentary from analysts at Susquehanna.
AMD stock now trades at nearly $30, its highest level since early 2006.
This big run will continue for now. The fundamentals, technicals, and sentiment of AMD stock all look strong at the current moment.
Today's Trade of the Day | 9-12-18
Last week we called the volatility breakdown on Facebook FB and today the stock sets up a new sell short. Game planning for a higher open to initiate the trade. Setting a limit order of $166.75 to enter the trade with a close above $168 for the stop loss. Profit target on a new swing trade comes in at $153.
Stocks to Trade | Wednesday Edition 9-12-18
Bullish Cash Flow Trades: PDD, TLRY, ATVI, SM, ROKU, SQ, MTCH, OKTA
Bearish Cash Flow Trades: sono, mnst, nxpi, i
New 20 Day Breakout: PDD, TLRY, ATVI, SQ, LOW, HD, XOM, OKTA, JNJ, AMD, MAR
New 20 Day Breakdown: mnst, mu, txn, wdc, yumc
Double Normal Volume: IDTI, YUMC, TLRY, ATVI, SONO,FTV, MNST
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