Keep an eye on Advanced Micro Devices (AMD).

After slipping from about $180 to $140, the tech stock just caught support dating back to early May. It’s also over-extended on RSI, MACD and Williams’ %R and could pivot higher shortly – especially with the artificial intelligence boom showing no signs of cooling.

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Analysts at Roth MKM, Wells Fargo, TD Cowen and Citi have all raised their price targets on the AMD stock. Citi raised its price target to $210 from $176, with a buy rating. They expect for second-quarter earnings season to be a strong catalyst for semiconductor stocks.

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