Reported 1 day ago
Shares of Advanced Micro Devices (AMD) skyrocketed to a 19-month high following a multi-year supply agreement with OpenAI, which includes a commitment to purchase AI chips. The stock surged 24% in one day and is up 77% this year, outperforming Nvidia. Investors should monitor key overhead price levels at $227 and $272, as well as support levels around $174 and $150, to navigate potential future fluctuations.
Source: YAHOO