The last time we spoke about Advanced Micro Devices, we noted:
“Advanced Micro Devices (AMD) is on the move, as hoped. The last time we mentioned the stock, it traded at $66.67. We also mentioned, AMD could potentially test $75 a share, near-term. Helping, Wells Fargo just named AMD one of its top tech picks for the new year. Even better, AMD just launched its new AI-powered PC chips at CES 2023.”
Today, AMD is up to $86.82 – and still running. Now, if AMD can break above prior resistance at $88.80, it could potentially test $100 again soon. That’s our new target price on the stock.